Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Understand the key differences between marginal utility and marginal benefit—how they affect pricing, consumer behavior, and ...

I don't think most people appreciate how unusual the economics of utility services like residential broadband are. Trade economists distinguish between "tradables" like shoes and iPods and ...

Given the many and conflicting reasons why students choose their majors -- they liked an introductory course, it leads to well-paying jobs, it's something they're interested in, their parents made ...

A massive surge in energy demand is about to reshape the U.S. power landscape, presenting an opportunity for forward-thinking utilities. The nation’s energy demands are poised to explode, as ...

A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of rational choice theory, it helps economists analyze how consumers make decisions to ...

Utility measurement has emerged as a cornerstone in assessing health outcomes, providing a quantitative basis for comparing diverse health states through standardised metrics such as quality‐adjusted ...

Utilities are the market sector that includes companies that produce or deliver electricity, water, natural gas and related services to the public. The companies within this sector operate under ...