Fact checked by Ariel Courage Reviewed by Erika Rasure What Is Utility Function? A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

My daughter, attending her first year in college, wanted to know how to calculate marginal utility. Utility is a pivotal concept in economics. The utility you have for a Ferrari is perhaps more than ...