Examlex
Which of the following is the simplest job evaluation system?
Marginal Utility
The additional satisfaction or utility a consumer gets from consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
Budget Line
A graphical representation of all possible combinations of two goods that a consumer can purchase with a given income and prices of the goods.
Money Income
This term describes the total earnings received by an individual or household, including wages, salaries, and other forms of monetary income.
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