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

Estimate demand function to understand initial product pricing vs. quantity. Use derivative for the revenue equation to find marginal revenue changes. Marginal revenue derivative is a tool to guide ...

Over the years, economists have created various theories and models to study certain functions of finance and business. Depending on what you wish to study, these theories and models can help you ...

Explore marginal propensity to import (MPM) and learn how changes in disposable income affect import levels. Discover its ...