The marginal cost of production is an economics and managerial accounting concept most often used among manufacturers as a means of isolating an optimum production level. Manufacturers often ...

People can be constrained by limited budgets so they can't purchase everything so a cost-benefit ... Core Economics Education. “Indifference Curves and the Marginal Rate of Substitution.” ...

I have good news. According to Jeremy Rifkin, author of The End of Work and The Third Industrial Revolution, you can rest easy. In his new book, The Zero Marginal Cost Society, Rifkin argues that we ...