1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...

Dries Buytaert created Drupal, an open source content management platform, in his dorm room. He is also the co-founder and CTO at Acquia, a company providing enterprise software for websites and ...

Information about costs of water pollution control is a principal ingredient in any policy, implementation, or enforcement decision. Although cost analysis is necessary for decision making, there is a ...