Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

Hiring the appropriate number of employees to sustain productivity and maximize profits is a tricky endeavor for any business owner. Even in ideal of circumstances, securing a high profit with high ...

Maximizing profits by minimizing service and integrity can lead to business problems that eventually sink a business, as shortcuts and bad PR cause customers and employees to leave. Some of the ways ...

Last week on Forbes, I wrote “Why Business Owners Should Never Let Ego Stand In The Way Of Profits,” which focused on the importance of business owners not losing sight of what’s best for their ...

Annual business conferences are pivotal events for many companies, offering unique opportunities to connect with clients, partners, and industry leaders. However, organizing these conferences can be ...

Writing in the WSJ last week, economics professor Paul Rubin “takes the community organizer-in-chief to task for his dismissive comments about profit maximization” (ht/E. Frank Stephenson): In ...

Sometimes things just work out in life. Most of us have wanted to stick it to our employer or to a co-worker somehow someway when we feel we've been wronged or otherwise mistreated within the ...

Today's column is more about economics than law, but the two topics are inseparable in my world. On the legal side, several businesses are exploring "debtor/creditor law" in order to collect from ...

Given how much has changed it now seems like a blip from a distant era, but it was just a year ago this week when the Business Roundtable issued a much-ballyhooed statement that declared that ...