Marginal cost is the change in cost to produce one additional unit. A horizontal marginal cost curve indicates stable costs for additional units. Companies aim to maintain this to minimize variability ...

This is a preview. Log in through your library . Abstract This paper analyses the relationship between traffic volume and maintenance costs, and derives estimates for the cost elasticity and the ...

The marginal product of labor is a variable used in economic theory. This variable quantifies the additional output produced by adding an additional unit of labor. The value of this variable is ...

Reader MJ argues that the Laffer Curve remains important because even if we're not actually maximizing tax revenue, it offers an insight into the economic cost of taxation: "I also take it to mean ...

Several days ago, Tyler Cowen triggered some righteous rage for suggesting that the administration's promises to cut health care costs "runs the risk of becoming the new voodoo economics". He was ...

Judging from all the cheering going on among Obamacare enthusiasts--including the usual suspects such as Paul Krugman as well as the president himself--you would think Obamacare had bent the cost ...

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) has released its annual in-depth studies comparing the costs of energy from various generation technologies and the costs of energy storage ...

Costs are a critical variable to consider when plotting business strategy. After all, if you can't recover the expenses required to create your product through revenue and profit, then the business ...