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 ...

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

Casting the criminal as choosing between two bads-time served in jail and "good" behavior, the author uses five indifference curve exercises to show how changing the jail sentence and changing the ...

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 ...