Examlex
Fill in the correct labels for the following figure using the word bank below.
-A __________
Equilibrium
A state of balance or stability within a system where opposing forces or influences are equal and cancel each other out.
Marginal Utility
The supplementary satisfaction or advantage received from consuming one more unit of a good or service.
Utility Maximization
An economic principle that suggests individuals seek to achieve the highest level of satisfaction possible with their available resources.
Money Income
The total amount of monetary earnings received by an individual or household, including wages, salaries, benefits, and investment income.
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