Examlex
Which of the following is NOT a function of a budget in the governmental environment?
Substitution Effect
The change in consumption patterns due to a change in relative prices, leading consumers to substitute one good for another more or less expensive.
Health Care Consumption
The use or utilization of health care services and products by individuals to maintain or improve their health status.
Aggregate Costs
The total costs incurred by an economy or firm from producing a certain level of output, including fixed and variable costs.
Diminishing Marginal Utility
The principle that as a person consumes more of a product, the satisfaction (utility) gained from each additional unit decreases.
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