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

If you organized your small business as an "S corporation," you have embraced the idea of remaining small. This is because an S corporation can't have more than 100 shareholders. You may remain small ...

1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...

The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is ...

Learn how economists measure utility using cardinal and ordinal approaches to understand consumer choices and maximize satisfaction from products and services.