Examlex
Why are data mining applications growing rapidly?
Utility Function
A mathematical representation in economics of how a person ranks different bundles of goods according to their level of happiness or satisfaction.
Consumption Bundle
The collection of all the goods and services consumed by a given individual.
Satisfaction
The feeling of pleasure or contentment resulting from achieving one's goals or meeting one's needs and desires.
Marginal Utility
The extra utility or pleasure a person receives by using an additional unit of a good or service.
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