Marginal pricing is when a business sells a product at a price that covers its manufacturing costs but not its overhead. The benefit of marginal pricing is that the lower price point increases ...

A company's marginal product of labor is the number of additional products it can produce by hiring one additional worker. A company's marginal revenue product of labor is the amount of additional ...

Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...

“Asked by the BBC if oil could go back "well-above" $100 a barrel, Mr Margerie said "Yes," adding: "The problem is when, the problem is to anticipate this, not to send [a] message to scare people but ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

Marginal cost is the added expense of producing one more unit. A horizontal marginal cost curve indicates consistent production costs. Businesses may aim to maintain horizontal costs to stabilize ...

A price is the amount of money a buyer gives a seller in exchange for a good or a service. But it can be more than that At its most basic, a price is the amount of money that a buyer gives to a seller ...

It’s not just OPEC production cuts, Venezuelan chaos, and sanctions that are pushing up oil prices this year--U.S. shale production is slowing, too. And the result is a phenomenal 30-percent rally in ...

Petrol prices remained flat in New Delhi and Kolkata at ₹94.77 and ₹105.41 per litre, respectively. Mumbai saw a marginal dip ...