Let's assume that the number of hours a student spends studying will contribute to their final grade. What would happen if the student studied for an extra hour each day? Or an extra two hours? How ...

Businesses measure productivity in two ways: marginal and average. The calculation of both types often yields different answers as a result of the fundamental differences behind each measurement. In ...

Journal of Economics, Vol. 54, No. 2 (1991), pp. 97-123 (27 pages) Von Thünen is primarily known as the father of the modern theory of the location of economic activity and has recently been ...

"We need to discuss the complete disconnect between the marginal product of labour and labour wages," said Sir Chris Pissarides, speaking on the closing panel of the Lindau Economics Meeting. I ...