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A potential ethical problem noted with executive coaching is that an executive might become too dependent upon the coach for making decisions.
Essential Consumption
The purchase and use of goods and services that are considered necessary for basic living and well-being.
Marginal Utility
The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of goods or services.
Price Elasticity
A calculation of the extent to which the desired quantity of a good changes following a price modification.
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