Discover the concept of utility in microeconomics, exploring its origins, types, and applications to analyze consumer ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, ...

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 ...

The Marginal Utility of a good is the increase in total utility obtained by consuming one more unit of that good, for given consumption of other goods.

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 ...