Total utility is the aggregate satisfaction that a consumer receives when they consume a product or service. Put simply, it is the total happiness that consumers derive from goods and services.

Consumer preferences will depend in part on a product's market penetration because the marginal utility of goods diminishes as the quantity owned increases. The first car is more life-altering ...

MMT and chartalism claims that money is a creature of the state and is valued because of state action. The fact that tobacco ...