Examlex
The more abstract a word, the more ambiguous it will be.
Price Ratio
The proportionate relationship between the prices of two goods or services, indicating how many units of one good can be exchanged for one unit of another.
Marginal Utility
The extra pleasure or benefit gained by a person from consuming one more unit of a product or service.
Total Utility
The overall satisfaction or utility that a consumer derives from consuming a certain quantity of goods or services.
Marginal Utility
The extra pleasure or benefit a consumer receives from using an additional unit of a product or service.
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