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 ...

Researchers at the National Renewable Energy Laboratory (NREL) are helping federal facility owners and resilience planners more easily estimate electric grid outage costs at their sites using the ...

To understand how weighted average can achieve all these things, let’s start with the nuts and bolts of the calculation. Weighted averages are often used in investing, especially in how we measure the ...