Examlex
An above full- employment equilibrium is
Optimal Consumption Bundle
The combination of goods and services that maximizes a consumer's utility given their budget constraints.
Marginal Utility
The further benefit or pleasure derived by consuming an additional unit of a given good or service.
Weekly Income
The total amount of money earned or received by an individual or household over the course of a week.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget.
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