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

“There’s no divorce between marriage and economics,” Professor Pablo Peña said in a virtual presentation organized by the Chicago Economics Forum. And yes, the pun was intentional. The economics of ...

Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...