Utility
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In economics, utility is a measure of satisfaction, referring to the total satisfaction received by a consumer from consuming a good or service. 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. Utility is often modeled to be affected by consumption of various goods and services, possession of wealth and spending of leisure time. 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 (1806–1873), society should aim to maximize the total utility of individuals, aiming for "the greatest happiness for the greatest number of people". Another theory forwarded by John Rawls (1921–2002) would have society maximize the utility of those with the lowest utility, raising them up to create a more equitable distribution across society. Utility is usually applied by economists in such constructs as the indifference curve, which plot the combination of commodities that an individual or a society would accept to maintain a given level of satisfaction. Individual utility and social utility can be construed as the value of a utility function and a social welfare function respectively. When coupled with production or commodity constraints, under some assumptions, these functions can be used to analyze Pareto efficiency, such as illustrated by Edgeworth boxes in contract curves. Such efficiency is a central concept in welfare economics. In finance, utility is applied to generate an individual's price for an asset called the indifference price. Utility functions are also related to risk measures, with the most common example being the entropic risk measure. From Wikipedia under the
GNU Free Documentation License Nounutility (plural utilities)
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GNU Free Documentation License Matching Results for Utility:William Stanley JevonsChapter III, Theory of Utility, p. 78. The difficulties of economics ... the difficulties of conceiving clearly and fully the conditions of utility. ... Dennis Lindley Utility is the emotion pleading to be let into the house of pure reason and ... about probability, utility, and MEU (maximization of expected utility) and act ... Karl Friedrich Schinkel Give industry a direction in which beauty is as important as utility ... be used to give industry a direction in which beauty is as important as utility. ... From Wikiquote under the
GNU Free Documentation License ) snolab.ca 912px x 1330px | 170.20kB [source page] used in the SNO experiment The SNO UPW system will be available for use by other experiments in the laboratory Utility Area The SNOLAB Utility Area contains the support systems for the underground laboratory that are not required to be in the clean room space This includes a chiller to cool the laboratory a mine From Google Image Search: "utility"  youtube.com Thu, 08 Nov 2007 06:19:02 PST Please subscribe to Argo's official youtube account. www.youtube.com View the amphibious 8x8 ARGO Avenger in Action... youtube.com.  youtube.com Thu, 10 May 2007 17:54:59 PDT My entry into the 2007 Utilikilts Mockumercial contest, as well as into the Derek Freese High School Film and Video Festival at Temple University ... youtube.com. From Google Video Search: "utility" How can I lower my utility bill without penalizing my family? Q. I'd like some tips of how I can lower my utility bill but without taking any drastics measures. We have televisions, computers, and all sorts of appliances that cannot be unplugged. We try to keep the thrmostats set moderately, but it's an old drafty house. We don't have the funds to reside or rewindow it right now. Asked by wendy2pann - Sun Oct 5 13:40:29 2008 - - 4 Answers - 0 Comments A. If possible, close off areas of the house which are not used on a regular basis. ie. basement, offices, extra bedrooms. Close the air vents to those areas (don't allow them to freeze). You may be able to seal the windows and doors with a silicone sealant, which will help a little. Have your attic checked to see if the level of insulation is sufficient. Heavy shades or drapes over the 'cold' windows, especially at night or during windy storms. I do my heavy baking/cooking in the winter - early morning - and that warms up the living area. Buy some fun, snugly comforters for the kids at night, and bring home lightweight underclothing for winter. My sis loves cuddle-duds. Good Luck. Answered by CrimsonSnow - Sun Oct 5 14:19:56 2008 How do I make a simple houshold circuit with a utility battery?
Q. Okay, so I have a utility battery (which basically is like a car battery) and I am going up north for the summer and I want to be able to run a stereo. But because there is no electricity at the place I'm going it's not just plugging it into a wall. Also I want to run a big stereo not one of the small ones that you can carry around with D batteries in it. So I have the battery, and was hoping that some one could tell me where to go from here. My biggest worry is the current flow, do I need some type of converter to convert energy so that my stereo won't fry? Or will a switch and an outlet do the job. Thanks to anyone who can help me out. Asked by Flakes - Tue Jun 19 08:12:34 2007 - - 3 Answers - 0 Comments A. You need an inverter. I install AC (wall plugs) in cars so people can run tvs and plug in hair dyers when they are camping etc. You need to check to see how many watts your stero draws but here are some links to inverters Answered by jeremy s - Tue Jun 19 08:35:07 2007 From Yahoo Answer Search: "utility" |
Leagle.com Fri, 01 Apr 2011 23:57:23 -0700 In such proceedings the Commission shall determine fair rates of return on common equity applicable to the generation and distribution services of the utility . In so doing, the Commission may use any methodology to determine such return it finds ... Business Week Wed, 30 Mar 2011 14:33:19 -0700 The State Corporation Commission said Wednesday that it has the utility's request to raise the rate it charges customers to recover its fuel costs from about 2.5 cents per kilowatt hour to 3 cents. The new fuel rate goes into effect Friday. ... From Google News Search: "utility" hhmorton.com admin, hhmorton.com 2011-03-28 18:36:35 Lasko 675945 Stanley 12-Inch Ceramic Utility Heater Stanley 675945 ceramic utility heater features 1500-watt of comforting warmth. Safety features include self regulating ceramic element with automatic overheat protection. ... fuelfix.com Tom Fowler, fuelfix.com 2011-03-24 16:20:51 One man's car buying decision isn't usually worth writing home about, but the Texas Public Utility Commission thought a recent purchase by Chairman Barry Smitherman was worth waving a flag over. Smitherman picked up his new Chevy Volt ... From Google Blog Search: "utility" garlandutilities.org The City of Garland provides utility services (except natural gas) to the citizens and businesses in Garland. Via this site, customers can request utility services, pay ... www.garlandutilities.org utilityboardsupply.com Benefit from all kinds of news, sales and events. Signing-up is easy. Do it now and get started! www.utilityboardsupply.com From Bing Web Search: "utility" Computers: Software: Shareware: Diagnostics See also: Computers: Software: Diagnostics (66) ASTRA - Advanced Sysinfo Tool - Performs computer configuration analysis and provides detailed information on computer ... Computers: Software: Disk Management: Usage Analysis See also: Computers: Software: File Management (240) Ascendis DiskVision - Displays disk space utilization with detailed information. Supports easy management on ... Recreation: Pets: Dogs: Breeds: NonSporting ... This category in other languages: French (1) German (4) Polish (3) Spanish (2) Abacab - Pictures and pedigrees of their dogs. Ajba Kennel ...
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