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utility
(redirected from Utility maximization)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
utility (Public service), noun public business, public company, public corporation, public industry
utility (Usefulness), noun adequacy, advantage, applicability, avail, benefit, convenience, efficacy, employability, fruitfulness, function, helpfulness, practicality, productiveness, productivity, profit, service, serviceability, suitability, usability, use, value
Foreign phrases: Omne magnum exemplum habet aliquid ex iniquo, quod publica utilitate compensatur.Every great example has some unfairness, which is compensated by the public utility.
See also: advantage, appliance, behalf, benefit, betterment, expedience, feasibility, function, help, instrument, profit, propriety, tool, use, value, worth


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The individual's utility maximization problem can be expressed as [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] (4) subject to [[infinity].
In Chapter 3, we learn that the decision-making role of the firm has progressed from the neoclassical standpoint of profit maximization to sales maximization, utility maximization, and satisficing.
Utility maximization has different meaning for different personality traits.
 
 
 
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