Getting every advantage possible in your business is important. Using proper analytical techniques and up-to-date business theory will help your business succeed. Economic principles, especially ...

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 ...

Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

In business, practical experience usually outshines theoretical knowledge by a wide margin. However, this doesn't mean that ignorance is an asset. Economic concepts could serve as useful mental models ...

In the final part of this series, we estimate the number of committed assets in the Gulf of Mexico that are expected to be marginal over a 60-year horizon. Our sample set includes all producing ...

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 ...