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In economics, utility is a measure of the relative satisfaction from or desirability of consumption of various goods and services. Given this measure, one may speak meaningfully of increasing or decreasing utility, and thereby explain economic behavior in terms of attempts to increase one's utility. For illustrative purposes, changes in utility are sometimes expressed in units called utils.

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Blogs for Utility

Microsoft Power and Utilities Blog

Microsoft Power and Utilities Blog. Microsoft's Mundie Appointed to U.S. Technology Council ... a previous blog, Microsoft's Worldwide Utilities Group hosted a ...blogs.msdn.com/mspowerutilities/default.aspx

Water Utilities Blog

... our next few blog posts on building and maintaining water utility geodatabases. ... knowledge and this blog to assist water utilities in deploying our technology. ...blogs.esri.com/Dev/blogs/waterutilities/default.aspx

Four Wheel Drive Blog | 4x4 Talk & Discussion at 4WD & Sport Utility ...

Read the 4WD & Sport Utility Magazine four wheel drive blog and find 4x4 talk, ... first-hand and post your comments on 4 Wheel Drive & Sport Utility's blog. ...blogs.4wdandsportutility.com/index.html

Jonathan's Tool Bar & Grill

In this blog, I'll explore handy little utilities that have won my heart. ... I apologize for having been too busy to blog lately. ...jonathanstoolbar.blogspot.com/

Free Utilities Blog

Free Utilities Blog. Free programs and updates. Home. About. Firefox v2.0.0.6 released! ... But an open source Windows utility, called iTunes Exporter, can do ...freeutilities.wordpress.com/

Wikipedia About Utility

In economics, utility is a measure of the relative satisfaction from or desirability of consumption of various goods and services. Given this measure, one may speak meaningfully of increasing or decreasing utility, and thereby explain economic behavior in terms of attempts to increase one's utility. For illustrative purposes, changes in utility are sometimes expressed in units called utils.

The doctrine of utilitarianism saw the maximization of utility as a moral criterion for the organization of society. According to utilitarians, such as Jeremy Bentham (1748-1832) and John Stuart Mill (1806-1876), society should aim to maximize the total utility of individuals, aiming for "the greatest happiness for the greatest number".

In neoclassical economics, rationality is precisely defined in terms of imputed utility-maximizing behavior under economic constraints. As a hypothetical behavioral measure, utility does not require attribution of mental states suggested by "happiness", "satisfaction", etc.

Utility is applied by economists in such constructs as the indifference curve, which plots the combination of commodities that an individual or a society requires to maintain a given level of satisfaction. Individual utility and social utility can be construed as the dependent variable of a utility function (such as an indifference curve map) and a social welfare function respectively. When coupled with production or commodity constraints, these functions can represent Pareto efficiency, such as illustrated by Edgeworth boxes and contract curves. Such efficiency is a central concept of welfare economics.

Cardinal and ordinal utility

Economists distinguish between cardinal utility and ordinal utility. When cardinal utility is used, the magnitude of utility differences is treated as an ethically or behaviorally significant quantity. On the other hand, ordinal utility captures only ranking and not strength of preferences. An important example of a cardinal utility is the probability of achieving some target

Utility functions of both sorts assign real numbers (utils) to members of a choice set. For example, suppose a cup of coke has utility of 120 utils, a cup of tea has a utility of 80 utils, and a cup of water has a utility of 40 utils. When speaking of cardinal utility, it could be concluded that the cup of coke is better than the cup of tea by exactly the same amount by which the cup of tea is better than the cup of water. One is not entitled to conclude, however, that the cup of tea is two thirds as good as the cup of coke, because this conclusion would depend not only on magnitudes of utility differences, but also on the "zero" of utility.

It is tempting when dealing with cardinal utility to aggregate utilities across persons. The argument against this is that interpersonal comparisons of utility are suspect because there is no good way to interpret how different people value consumption bundles.

Search results for Utility

utility definition | Dictionary.com

Definition of utility at Dictionary.com with free online dictionary, ... utility vehicles. explanation mill's principle of utility. monthly costs of utilities ...dictionary.reference.com/browse/utility

Home : Largest skateboard mailorder Shop online. Utility Board Supply ...

Largest skateboard mailorder Shop online. Utility Board Supply carries a huge selection from top brand such as: DVS Shoes, Adio Shoes, Es Shoes, Emerica and more.www.utilityboardsupply.com/

Utilitarianism - Wikipedia, the free encyclopedia

Wikipedia entry. ... Utility, the good to be maximized, has been defined by various thinkers as ... 4.1 Aggregating utility. 4.2 Predicting consequences. 4.3 ...en.wikipedia.org/wiki/Utilitarianism

utility - definition of utility by the Free Online Dictionary ...

Information about utility in the free online English dictionary and encyclopedia. utility ... gas company, gas service - a public utility that provides gas ...www.thefreedictionary.com/utility

Economics Basics: Utility

Utility is an abstract concept rather than a concrete, observable quantity. ... Total utility is the aggregate sum of satisfaction or benefit that an individual ...www.investopedia.com/university/economics/economics5.asp

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News about Utility

Utility regulators throw out state law

Atlanta Journal-ConstitutionThree utility regulators defied a 16-year-old Georgia law last week in a bold and possibly bungled power play at the state Public Service Commission.http://www.ajc.com/services/content/metro/stories/2009/05/10...

Utility issue goes to vote

Daily PilotBalboa Island residents will vote Tuesday night on whether to create a $20-million assessment district and underground utilities there. The cost of doing away with utility poles on the island has divided island residents.http://www.dailypilot.com/articles/2009/05/11/topstory/dpt-u...

Leesburg Wins More Time To Review Utility Rates

Leesburg TodayThe Town of Leesburg will have more time to revise it utility rates, under a ruling by Judge Thomas D. Horne Friday that stays the execution of a court order until Sept. 1.http://www.leesburg2day.com/articles/2009/05/11/news/fp192vr...

Auditor: City losing utility fee revenue

Portland TribuneAs a sinking economy forces Portland’s City Council to cut nearly $9 million from programs, the City Auditor’s Office says the city is losing millions every year because of outdated and inconsistent utility franchise fee policies. “The City Code hasn’t kept pace with ...http://www.portlandtribune.com/news/story.php?story_id=12419...

AltaGas Utility Group Inc. Announces Record First Quarter 2009 Results and a Quarterly Dividend Of $0.05 Per Share

CCNMatthews via Yahoo! FinanceCALGARY, ALBERTA-- - AltaGas Utility Group Inc. today announced that net income for the three months ended March 31, 2009 was $5.7 million or $0.71 per share , an increase of $1.3 million.http://biz.yahoo.com/ccn/090511/200905110529127001.html?.v=1

News about Utility

Utility regulators throw out 16-year-old state law

Ledger-EnquirerATLANTA -- The State Public Service Commission has defied a 16-year-old state law by voting 3-2 to increase the tenure of its chairman to two years instead of the year set by law. It then chose Stan Wise to serve in the post for two years beginning ... http://www.ledger-enquirer.com/251/story/715539.html

SouthWest Water Company Receives $60 Million in Settlement of New ...

MSN MoneyCentralSouthWest Water Company SWWC , a leading provider of water, wastewater and public works services , today announced that it received $60 million from the Albuquerque Bernalillo County Water Utility Authority in settlement of eminent domain proceedings ... http://news.moneycentral.msn.com/provider/providerarticle.as...

Xcel Energy Doubles Size of Its Teradata Active Data Warehouse ...

CNBCKey to gaining value from the additional projects will be the use of a customized logical data model for the utility industry that maps requirements for information and includes specific meter-to-cash business modeling components. "By analyzing its ... http://www.cnbc.com/id/30682076

Centrica Agrees to Buy Stake in E.D.F.’s British Energy

New York TimesThe companies said the price represents a discount of about 6 percent for the stake compared to the price of £12.2 billion that E.D.F., Europe’s largest electrical utility, paid for British Energy. As part of the deal, E.D.F. will acquire ... http://www.nytimes.com/2009/05/12/business/global/12edf.html

Driver killed in Champlin crash

Minneapolis Star TribuneA 26-year-old Brooklyn Park resident died early today when he lost control of his car and smashed into a utility pole in Champlin. The Minnesota State Patrol identified the driver as Eric M. Bocko. His 21-year-old passenger was hospitalized in ... http://www.startribune.com/local/44706467.html?elr=KArksLckD...

Search results for Utility

Utility bicycle - Wikipedia, the free encyclopedia

A utility bicycle (aka ute bicycle [citation needed]) is a bicycle designed for practical transportation, as opposed to "sport bicycles" which are primarily designed for recreation ... http://en.wikipedia.org/wiki/Utility_bicycle

utility - Definition from the Merriam-Webster Online Dictionary

Definition of utility from the Merriam-Webster Online Dictionary with audio pronunciations, thesaurus, Word of the Day, and word games.http://www.merriam-webster.com/dictionary/utility

The Utility Connection

Links to thousands of electric, gas, water and wastewater utilities, utility associations, organizations, news, magazines, utility financial resources, and related state ... http://www.utilityconnection.com/

Utility Mfg. - Non-Toxic Anti-Freezes and Heat Transfer Fluids

http://www.utilitychemicals.com/

utility definition of utility in the Free Online Encyclopedia.

utility, in economics: see value value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price ). Value depends on both desirability and ... http://encyclopedia2.thefreedictionary.com/utility

Wikipedia results for Utility

Utility - Wikipedia, the free encyclopedia

In economics, utility is a measure of the relative satisfaction from, or desirability of, consumption of various goods and services. Given this measure, one may speak meaningfully ... http://en.wikipedia.org/wiki/Utility

Utility bicycle - Wikipedia, the free encyclopedia

A utility bicycle (aka ute bicycle [citation needed]) is a bicycle designed for practical transportation, as opposed to "sport bicycles" which are primarily designed for recreation ... http://en.wikipedia.org/wiki/Utility_bicycle

Utility (patent) - Wikipedia, the free encyclopedia

In United States patent law, utility is a patentability requirement. Today, the utility requirement is the lowest bar and is easily met. Largely utility is used to prevent the ... http://en.wikipedia.org/wiki/Utility_(patent)

Marginal utility - Wikipedia, the free encyclopedia

In economics, the marginal utility of a good or of a service is the utility of the specific use to which an agent would put a given increase in that good or service, or of the ... http://en.wikipedia.org/wiki/Marginal_utility

Public utility - Wikipedia, the free encyclopedia

A public utility (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure).http://en.wikipedia.org/wiki/Utilities
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Videos found for Utility

A Resilient Utility

A Resilient UtilityJohn Osterweis finds stocks that withstand the pressures of a bear market.Flash - Video

Taleb Sees Nationalization of Bank ...

Taleb Sees Nationalization of Bank 'Utility' FunctionsNassim Nicholas Taleb, author of the best-selling finance book "The Black Swan: The Impact of the Highly Improbable," talks with Bloomberg's Ellen Pinchuk about potential...Windows Media - Video

Elderly Targeted In 'Utility Worker...

Elderly Targeted In 'Utility Worker' ScamPhiladelphia Police are issuing a warning after scam artists posing as utility workers have preyed on elderly residents nearly a dozen times since August.Windows Media - Video

Elderly Targeted In 'Utility Worker...

Elderly Targeted In 'Utility Worker' ScamPhiladelphia Police are issuing a warning after scam artists posing as utility workers have preyed on elderly residents nearly a dozen times since August. Walt Hunter reports.Windows Media - Video

E.ON share buyback fires utilities

E.ON share buyback fires utilitiesA large share buyback by the world's largest utility E.ON buoys European markets.Flash - Video

Answers for Utility

njyogibearCan utility wires running from the pole to the front of the house be relocated?njyogibearIt definitely can be done, but it all depends on your local utility company whether they will do it. Having underground electrical service requires a street level transformer and enclosure, which can ...Preston SHow does a utility company benefit from reducing energy consumption?Preston SActually, they don't want to reduce total energy consumed. They want to avoid peak power demand spikes, which overload their systems and cause breakers to pop or equipment to burn out. So, they tell...croceryHow do you get Utility Warehouse, or become a member of the Utility Warehouse Discount Club?croceryFunny, you should ask. I am in fact a distributor of the Utility Warehouse Discount Club. Before continuing, I would like to draw your attention to my blog: www.hardnosedandlazy.co.uk, which discus...i_squeezeWhat is the law concerning utility lines and trees?i_squeezeMostly power companies are concerned with overgrowth and encroachment of high-voltage lines by vegetation. CATV and telephone providers usually just rent space on the poles from the owner who is usual...S WHow much is the typical utility bill for a warehouse in California?S W5-700$ depends on if all lighting is usd and what kind
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