Examlex
Which of the following would not be among the disadvantages of working for a small business?
Marginal Utility
Marginal utility refers to the extra satisfaction or benefit a consumer receives by consuming an additional unit of a good or service.
Total Utility
The complete gratification or advantage gained from using a specific quantity of a product or service.
Marginal Utility
The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
Utility-maximizing
Utility-maximizing refers to a principle in economics where individuals or businesses seek to achieve the highest level of satisfaction or profit from their decisions, given their resources and constraints.
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