Learn how to distinguish marginal costs by exploring their relationship with fixed and variable costs in production.

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

Jan 13 (Reuters) - Microsoft (MSFT.O), opens new tab on Tuesday unveiled an initiative to curb water usage at its U.S. data centers and limit the impact on the general population from any potential ...

Learn what is Linear Regression Cost Function in Machine Learning and how it is used. Linear Regression Cost function in Machine Learning is "error" representation between actual value and model ...

Abstract: In real-time nodal marginal cost-based electricity markets, inaccuracies in conventional measurement systems introduce variability in the determination of these costs and the valuation of ...

It is natural for a business to think about cutting costs when margins are tight. As the title implies, there is a right and wrong way to cut costs. The right way, from an economist’s perspective, is ...

The adoption of artificial intelligence in clinical care could transform the U.S. healthcare system, improving patient outcomes and provider experiences and reducing costs for patients and the ...

This paper describes a method for measuring a firm’s incremental margin using observed prices and market shares when a firm sells the same product from the same production facilities into multiple ...

Amazon has brought back its annual “Thank My Driver” program allowing customers to send $5 holiday tips to drivers at no cost. Customers simply need to tell an Alexa-equipped device such as Amazon’s ...

The home improvement market is a resilient one, with spending projected to top $553 billion in 2026. Some homeowners choose the DIY route, even for major projects. However, complex jobs like bathroom ...

Abstract: The recently developed approach to motion planning in graphs of convex sets (GCS) provides an efficient framework for computing shortest-distance collision-free paths using convex ...

Forbes contributors publish independent expert analyses and insights. Paul Hsieh, M.D., covers healthcare economics, innovation, and policy. It is too easy to focus on bad news and stressful events, ...