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

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 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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 ...