Examlex
The training department just trained Joey how to train other employees using his expertise.What type of training did Joey participate in?
Marginal Utility
The extra pleasure or benefit gained by a consumer from using an additional unit of a product or service.
Utility-maximizing
Refers to the economic principle where individuals or households attempt to get the highest level of satisfaction from their resources.
Income
The money received, especially on a regular basis, for work or through investments.
Marginal Utility
The increased enjoyment or value one gets from the consumption of an extra unit of a good or service.
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