Examlex
Discuss why a dollar tomorrow cannot be worth less than a dollar the day after tomorrow.
Total Utility
The cumulative satisfaction or value that a consumer derives from consuming a given amount or number of goods or services.
Indifference Curve
A graph showing different combinations of two goods between which a consumer is indifferent.
Total Utility
The total satisfaction received from consuming a particular amount of goods or services.
Indifference Curve
A graph that shows combinations of two goods that give a consumer equal satisfaction and utility.
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