Examlex
Which of these is one of the ways mobile tools have enhanced productivity and collaboration in the workplace?
Marginal Utility
The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.
Water-Diamond Paradox
The water-diamond paradox questions why diamonds are more valuable than water, despite water being essential for life and diamonds not, illustrating subjective value in economics.
Marginal Utility
The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
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