Utility - Wikipedia, the free encyclopedia Utility, or usefulness, is the (perceived) ability of something to satisfy needs or wants.[1] Utility is an important concept in economics and game theory, because it represents satisfaction experienced by the consumer of a good. Not coincidentally, a goo
Definition of Utility Function - EconModel Home Page Utility Function The Theory of the Consumer, one of the two branches of microeconomics, is based on the notion that agents maximize utility. The utility function expresses utility as a function of consumption of real goods (pounds, gallons, kilograms, lit
Indirect Utility Function - Dictionary Definition of Indirect Utility Function Indirect Utility Function Defined - A Dictionary Definition of Indirect Utility Function ... Recipient's Email This field is required. Separate multiple addresses with commas. Limited to 10 recipients. We will not share any of the email addresses on this
Definition of Utility - Economics at About.com Utility Defined - A Dictionary Definition of Utility ... Recipient's Email This field is required. Separate multiple addresses with commas. Limited to 10 recipients. We will not share any of the email addresses on this form with third parties.
What is Utility Function? definition and meaning Definition of utility function: A function that specifies the utility (well being) of a consumer for all combinations goods consumed (and sometimes... Home Tips Answers Videos Browse by Subject Term of the Day InvestorWords.com - Online Investing Glossary
What is utility? definition and meaning - BusinessDictionary.com - Online Business Dictionary 2.Computing: Auxiliary program that performs a specific useful function to maintain, or augment the efficiency of, a computer system. Utilities range from the small and simple to the large and complex, and from being marginally useful to being indispensab
Utility dictionary definition | utility defined (1) See utility program. (2) Usefulness; fitness for a particular use. Utility is one of the six fundamental components of information security (see Parkerian Hexad). For example, if data are encrypted and the decryption key is unavailable, the breach of
utility - definition of utility by The Free Dictionary u·til·i·ty (y-t l-t) n. pl. u·til·i·ties 1. The quality or condition of being useful; usefulness: "I have always doubted the utility of these conferences on disarmament" (Winston S. Churchill). 2. A useful article or device. 3. a. A public utility. b. A c
Definition of Marginal Utility - EconModel Home Page Marginal Utility The marginal utility of X is the additional utility from one additional unit of X or, more formally, the derivative of utility with respect to X. The marginal utility of X may very well depend on the amounts of other goods, Y and Z, for e
What is Utility? definition and meaning - Investment and Financial Dictionary by InvestorWords.com Definition of utility: A basic service such as electricity, gas, or water, or the company that provides such a service. Utilities are often regulated by... ... utility Definition A basic service such as electricity, gas, or water, or the company that prov
