Examlex
A Canada-wide system designed to give employers and workers information about hazardous materials in the workplace is called
Marginal Utility
The change in satisfaction or benefit derived from consuming an additional unit of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
Diminishing Marginal Utility
The decrease in satisfaction or usefulness obtained from each additional unit of consumption.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, due to the availability of more desirable substitutes.
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