Examlex
Female entrepreneurs need rather different qualifications from men.
Utility Maximization
The process by which individuals allocate their resources to maximize their satisfaction or utility.
Marginal Utility
The added gratification or usefulness experienced by a buyer when they consume an additional unit of a good or service.
Utility Maximization
The economic principle that individuals or firms strive to get the greatest satisfaction or benefit from their available resources.
Marginal Utility
The enhanced gratification or value a customer derives from consuming another unit of a good or service.
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