Understand the link between total and marginal revenue, their differences, and how to calculate marginal revenue effectively. Learn when a company should adjust production.

The total marginal cost of trucking grew by 12.7% in 2021 to $1.855 per mile, the highest on record, according to the American Transportation Research Institute’s 2022 update to An Analysis of the ...

Though fuel saw the single largest jump in expense (a 35.4% increase to 41.7 cents per mile), nearly every other line-item cost center also grew or remained constant. Even when fuel costs are removed, ...

Cost structures (the ratio of fixed to variable costs) vary across and within industries. Hospital managers and policymakers can make better decisions when they under-stand cost structures, including ...