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 ...

Most importantly, the practice of benefit-cost analysis has been reinforced by decades of bipartisan presidential agreement, ...

When an investor is analyzing and comparing options, opportunity cost reflects the potential benefits that the investor gives up by electing against some of the options. Read on to learn about the ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...

3 keys to an effective cost-benefit analysis of new projects Your email has been sent No matter how large an organization is, funds are seldom endless. As a result, it only makes sense to conduct a ...

Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.

Conservatives support cost-benefit analysis when it slows progressive regulation but abandon it when it stands in the way of their deregulatory agenda. For the past 40 years, the process by which the ...