Marginal cost refers to the change in total cost arising from the production of one additional unit. For example, in a manufacturing firm, the marginal cost will give a measure of the change in total ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Journal of Economics, Vol. 81, No. 2 (2004), pp. 155-192 (38 pages) This contribution is the first systematic attempt to develop a series of nonparametric, deterministic technologies and cost ...

In the EEPGL contract, it is specified that Guyana will receive in the Production Sharing Agreement (PSA), 50 percent of the profits, after EEPGL extracts upfront, and without Guyana’s prior review of ...

Information about costs of water pollution control is a principal ingredient in any policy, implementation, or enforcement decision. Although cost analysis is necessary for decision making, there is a ...