Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

Amazon.com Inc. alleges that a Berkshire Hathaway Inc.-owned utility in Oregon is failing to provide sufficient power for four new data center facilities, highlighting the strain rapid expansion of ...

The burnt toast theory is a metaphor for life that helps people interpret minor inconveniences as having positive ripple effects or a “silver lining.” It’s related to the butterfly effect. While not a ...

Whether or not you’ve heard the term “queer theory,” it’s likely to have impacted some aspect of your life. Click through to learn what queer theory is, how it's used, and who has been involved with ...

Self-affirmations can help increase your self-worth and motivation. With regular practice, you can shift your focus toward your strengths and adapt to new circumstances more easily. Self-affirmation ...

The Trump administration on Tuesday eliminated the entire staff of a federal program that helps low-income households pay utility bills, sources said. The staff of 10 employees accounted for only a ...

Marginal utility helps set product pricing; high initial satisfaction decreases with more units. Some stores use bulk pricing when consumers value additional items less. Progressive taxes assume each ...

Renaud Foucart does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

TROY, Mich.: 18 Dec. 2024 — This year, the average monthly residential electric bill reached $182 nationally, the highest amount ever recorded by J.D. Power—and customers aren’t happy. According to ...

Systems theory was not originally a business theory. Indeed, systems theory was proposed in the 1940s by biologist Ludwig von Bertalanffy, say Francis Heylighen and Cliff Joslyn in their article, ...