Assertion: utility | /r/HasProperty | maximized
Facets:
Source sentences:
text: One approach is to drop the demand that utility be maximized.
text: For example, if you are very thirsty then the utility derived from the first glass of water will be maximum and will go on diminishing with each additional glass.
text: How consumers allocate their disposable incomes between several commodities of consumption, such that utility is maximized?
text: Utility is maximized when total outlays equal the budget available and when the ratios of marginal utility to price are equal for all goods and services a consumer consumes; this is the utility-maximizing condition.
text: In economics and finance, exponential utility is a specific form of the utility function, used in some contexts because of its convenience when risk (sometimes referred to as uncertainty) is present, in which case expected utility is maximized.