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

From a practical standpoint, the august professors were talking about the value of that last dollar, the one at the top of a potentially very high stack that you might possess. And the function for ...

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

One of the important contributions of Economics in public policy is the marginal (or extra, additional, incremental) analysis in the increase in cost and revenues, satisfaction and dissatisfaction, ...