Examlex
Calculate the total number of manufacturers,if 15 transactions are made per year with 10,000 retailers.The total number of transactions is 3 million transactions per year.
Total Utility
The complete gratification obtained through the consumption of a specific quantity of products or services.
Marginal Utility
The additional satisfaction or benefit (utility) that a consumer derives from consuming an additional unit of a good or service.
Scented Candles
Candles infused with fragrance oils or natural aromatic extracts intended to emit a pleasant aroma when lit.
Consumer Surplus
The contrast between the full amount consumers are willing to invest in a product or service and the actual payment they make.
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