Learn how changes in income impact satisfaction and understand the principles behind the marginal utility of income in modern economies.

As everybody knows, utility coordination is essential in the success of most state and local highway construction projects. You didn’t know that? OK, so not everybody knows that, and I guess that’s ...

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

Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...