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 ...

Understand the link between total and marginal revenue, their differences, and how to calculate marginal revenue effectively. Learn when a company should adjust production.

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 ...

So I looked, and here is what I found: I looked at it and said, “Huh, yeah, whoever did this was a total hack. Totally arbitrary curve drawing.” But then I thought a little more. “If I estimated a ...

Forbes contributors publish independent expert analyses and insights. I write about banking, finance and economics. An inverted U.S. Treasury yield curve is widely thought to signal an impending ...