The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

One key decision every business has to make is how much of its goods or services to make available to customers. Demand functions will give you a sense of how much revenue a business can bring in ...

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 ...

The marginal income tax rate for a corporation refers to the rate at which the company's last dollar of taxable income is taxed. Knowing the marginal tax rate helps the company better anticipate the ...