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

Estimate demand function to understand initial product pricing vs. quantity. Use derivative for the revenue equation to find marginal revenue changes. Marginal revenue derivative is a tool to guide ...

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 ...

Mathematics of Operations Research, Vol. 41, No. 1 (February 2016), pp. 146-173 (28 pages) This paper investigates the problem of maximizing expected terminal utility in a (generically incomplete) ...

Argentine TV series “El Marginal” ran from 2016-2022 and is still available on Netflix. It tells the story of undercover cop Pastor (Juan Minujin) who infilitrates a prison while investigating a ...

Climate change is raising the risk of blazes that are started by power lines and other utility equipment in many parts of the U.S. besides California. By Ivan Penn Reporting from Otis and Portland in ...

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

This research paper was presented at the 64 th IEEE Symposium on Foundations of Computer Science (FOCS) 2023 (opens in new tab), a premier forum for the latest research in theoretical computer science ...