In economics, the utility function measures the welfare or satisfaction of a consumer as a function of the consumption of real goods, such as food or clothing. Utility function is widely used in ...

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 ...

A Bloomington-based water utility plans to raise monthly bills by nearly 30%. Here’s what you need to know and how you can provide feedback. What’s the utility that wants to hike rates? The utility is ...