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

Small and large businesses need to raise capital to finance growth plans. There is a cost associated with different forms of capital, such as debt, common stock and preferred stock. The weighted ...

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

A company's pricing strategy is never permanent. Business managers must continuously evaluate their pricing plan and make adjustments to changes in consumer wants, competitor actions and the economic ...