Let's assume that the number of hours a student spends studying will contribute to their final grade. What would happen if the student studied for an extra hour each day? Or an extra two hours? How ...

Contrary to understandings that treat ethical considerations and economic thinking as separate if not antagonistic issues, we advocate a holistic view that links business ethics to consequentialist ...

Numerous factors can influence the utility a consumer derives from a good or service: Personal Preferences: Individual tastes ...

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 ...

It is a simple statistic that continues to warn of huge economic problems ahead for the United States. Some economists call it the “marginal productivity of debt (MPD).” It relates the change in the ...

Decisions on whether to increase production can usually be boiled down to a simple question of costs vs. benefits: Will the extra money you make from increasing your output be worth the additional ...