marginal cost

October 25, 2015

The Diner’s Dilemma: Should You Divide the Check Equally With Friends?

Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual's marginal benefit and the group's marginal cost.

February 12, 2014

The Cost of Conservation

By Madeleine Vance, guest blogger and student at Kent Place School. Saving water is supposed to allow us to cut down costs. For the drought-stricken city […]