Examlex
Simplify the expression.
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Utility Function
An economic term describing how different goods or services yield different levels of satisfaction or utility to a consumer.
Units
Refers to the individual or measurable components that can be sold, used, or accounted for, in various contexts such as production, inventory, or measurement standards.
Utility Function
A mathematical representation of a consumer's preference ordering over a set of goods and services, showing the satisfaction level from consumption.
Consumption Of X
The act of using up a particular resource X or the amount of X that is used.
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