Cost Structure

Marginal Revenue and Marginal Cost Practice Question

Marginal Revenue and Marginal Cost Practice Question

Sunk Costs and Trade Deadline Baseball Deals

I really wish that more sports writers would read my "Baseball Players and Opporunity Costs" article as some of them need a lesson in economic concepts such as "opportunity costs" and "sunk costs".

Transaction Costs

Definition and use of the term Transaction Costs.

Fixed Costs

Definition and use of the term Fixed Costs.

Sunk Costs

Definition and use of the term Sunk Costs.

Productivity and Costs: Second Quarter 2004

Productivity and Costs: Second Quarter 2004. Statistics on changes in hours worked, wages, and job postings.

Baseball Players and Opportunity Costs

Mike shows how economics can help us better understand why Major League Baseball teams make the moves they do.

A Season Later: Baseball Players and Opportunity Costs

A Season Later: Baseball Players and Opportunity Costs is the sequel to "Baseball Players and Opportunity Costs". The article looks back at the decisions the Blue Jays made before the 2003 season.

Average Total Cost

Definition and use of the term Average Total Cost.

Cost Curve

Definition and use of the term Cost Curve.

Marginal Cost

Definition and use of the term Marginal Cost.

Understanding Costs - How to Understand and Calculate Cost Measures

This article explains how to calculate marginal cost, total cost, fixed cost, total variable cost, average total cost, average fixed cost, and average variable cost using simple examples.