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Graph the parabola.
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Total Utility
The total satisfaction received from consuming a given total quantity of a good or service.
Income
The money received by an individual or business in exchange for labor, services, or investment, constituting a basis for consumption and savings.
Consumer Equilibrium
The point at which the amount of goods purchased by a consumer is equal to their preference at prevailing market prices, maximizing utility.
Utility
The satisfaction or benefit a consumer derives from consuming a good or service.
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