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Utility |
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UtilityA power company that owns or operates facilities used for the generation, transmission, or distribution of electric energy, which is regulated at state and federal levels.Utility Similar MatchesUtility revenue bondUtility revenue bondA municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished. Utility functionUtility functionA function that specifies the utility (well being) of a consumer for all combinations goods consumed (and sometimes other considerations). Represents both their welfare and their preferences. Quasi-linear utilityQuasi-linear utilityA utility function of the form U(x0,x1,...,xn) = x0 + Siui(xi), where ui(×) are strictly concave functions. This is useful for generating demand functions for goods xi that depend only on their own prices in terms of the numeraire x0. Marginal utilityMarginal utilityThe change in total satisfaction as a result of consuming one additional unit of a specific good or service. Utility possibility frontierUtility possibility frontierIn a diagram with levels of individual utility on the axes, a curve showing the maximum attainable levels of utility in a given situation, such as free trade or autarky. Used by Samuelson (1962) to demonstrate the gains from trade. Further SuggestionsUtility functionDixit-Stiglitz utility Public Utility Holding Company Act of 1935 |
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