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The Amount by Which Total Utility Changes When an Additional

question 3

Multiple Choice

The amount by which total utility changes when an additional unit of a good is consumed is called _____ utility.


Definitions:

Externally Restricted

Funds or resources that are restricted in use by external parties or agreements, often specified for particular purposes or projects.

Diversity

The inclusion of different types of people (such as people of different races, cultures, or genders) in a group or organization.

Abundance

The situation in which there is more than enough of a particular resource or commodity available.

Ethnic Diversity

The inclusion of individuals from a variety of ethnic, racial, and cultural backgrounds within a certain context or society.

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