If you operate a manufacturing company, you can benefit from understanding the experience curve. This curve suggests that the more you produce, the less each unit costs you. This happens because fixed ...

In a previous column, we introduced the total cost diagram as a simple, easy-to-use graphic to define age zones based on the time in the life of a machine when the average cost per hour, life to date, ...

A multi-colored graphic that’s made the rounds at the Federal Reserve hints at what Chairman Jerome Powell could face if President Donald Trump succeeds in throwing globalization into reverse: Higher ...

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 ...

The taper tantrum commencing May 21, 2013, kicked off a decade long era of public market pessimism about REITs. It was the dawn of a myth that real estate cannot handle rising rates. Real estate has ...

The chart above (thanks to Olivier Ballou) is an update of a chart we produced last year about this time, and shows the percent changes since January 1997 in the prices of selected consumer goods and ...