Examlex
The brand of TV one owns is an example of a numerical variable.
Consumer Surplus
The financial gap between the potential spending by consumers on a product or service versus their actual spending.
Marginal Utility
The added enjoyment or advantage gained by using one more unit of a good or service.
Marginal Utility
The additional satisfaction or benefit received by consuming one more unit of a good or service.
Total Utility
The overall pleasure gained through consuming a certain volume of goods or services.
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