Examlex
Determine whether the relation is also a function.
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Total Benefit
The complete value or advantage gained from consuming a good or service, encompassing both the direct and indirect benefits.
Additional Unit
Refers to the next unit of production or consumption beyond the current level.
Marginal Benefit
The additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.
Marginal Cost
The cost increase resulting from the production of an extra unit of a product or service.
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