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Using sketches and notes, explain what is meant by bypass framing and infill framing with respect to CFS backup wall framing for exterior cladding. In which situation(s)is each framing used?
Marginal Utility
The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.
Total Utility
The total satisfaction or benefit a consumer receives from consuming a specific quantity of goods or services.
Income Effect
The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
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