Utility in Microeconomics: Understanding Origins, Types & Key Uses

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

What Is the Relationship Between Elasticity & Marginal Utility?

William Baumol writes in "Economics: Principles and Policy" that the total monetary utility of a collection of goods to a consumer is equal to the largest amount of money the consumer will pay in ...
Investopedia

Understanding Marginal Utility of Income: How It Affects Satisfaction

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...
The Motley Fool

What Is Marginal Utility? Overview, Examples & Types

Marginal utility helps set product pricing; high initial satisfaction decreases with more units. Some stores use bulk pricing when consumers value additional items less. Progressive taxes assume each ...
JSTOR Daily

PROGRAMMA POSITIVISTA E RIVOLUZIONE MARGINALISTA IN ECONOMIA

Giornale degli Economisti e Annali di Economia, Nuova Serie, Anno 42, No. 11/12 (Novembre-Dicembre 1983), pp. 749-768 (20 pages) The striking contemporaneous appearance of the theory of value based on ...
The Economist

Averse to reality

A GREAT deal of economic theory turns on how people cope with risk—one of the least escapable facts of economic life. The model that most economists rely on when they need to take account of risk in ...