Resources on cost structure such as marginal cost, average cost, and total cost.
Marginal Revenue and Marginal Cost Practice Question
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".
Definition and use of the term Transaction Costs.
Definition and use of the term Fixed Costs.
Definition and use of the term Sunk Costs.
Productivity and Costs: Second Quarter 2004. Statistics on changes in hours worked, wages, and job postings.
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 is the sequel to "Baseball Players and Opportunity Costs". The article looks back at the decisions the Blue Jays made before the 2003 season.
Definition and use of the term Average Total Cost.
Definition and use of the term Cost Curve.
Definition and use of the term Marginal Cost.
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.