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

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 ...

A utility AI, also called utility systems, is a decision making algorithm used in game AI. It works by calculating the utility of each action and choosing the one with best score. I created this ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...