Learn the key differences between marginal utility and marginal value, how they impact decision-making, and why understanding both is crucial for economic analysis.

Understand the key differences between marginal utility and marginal benefit—how they affect pricing, consumer behavior, and ...

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 ...

Many define financial success by what tax bracket they're in, with higher marginal tax rates applying to taxpayers as their income rises. Yet a tax bracket only tells you what tax rate applies on the ...

Existing transmission planning approaches run the risk of understating the economic value of new transmission infrastructure, according to new research from Lawrence Berkeley National Laboratory. In ...

Small-business owners can understand their companies in terms of inputs and outputs. The wages you pay your employees are inputs, and the work they do is an output. There is a limit to the benefit ...

The annual debate on how to spend Medicare dollars is here again. We have many modern analytical tools to look at health care spending, but it may be worth going back to some basic insights of ...

"Marginal" revenue refers to the increase in revenue that a company receives when it sells one additional unit of a product. At first glance, you might assume that marginal revenue is simply the price ...

Thanks in large part to new House member Alexandria Ocasio-Cortez, a New York Democrat, there’s been lots of discussion this week about hiking tax rates on the superwealthy. Her support in a 60 ...

ECONOMICS IS THE study of how societies allocate scarce resources. But why let eggheads have all the fun? A museum aiming to bring the discipline to the masses opened in Paris on June 14th. A visit to ...