William Baumol writes in "Economics: Principles and Policy" that the total monetary utility of a collection of goods to a consumer is equal to the largest amount of money the consumer will pay in ...

Unfortunately, it took a recession and rising local unemployment for us to sharpen our pencil and look for ways to be more productive. We all see the need to attract different businesses for our jobs ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Marginal utility and benefit are closely-related concepts that describe how the ...

Learn how automation is transforming utilities into data-driven powerhouses in our conversation with Al Eliasen.