Examlex
Larry is having trouble going to sleep.Which food would NOT be recommended for him to eat or drink if he wanted to increase his intake of tryptophan?
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
Diminishing Marginal Utility
The decrease in satisfaction or usefulness obtained from each additional unit of consumption.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, due to the availability of more desirable substitutes.
Diminishing Marginal Utility
The principle that as a person consumes more of a good, the satisfaction gained from consuming an additional unit decreases.
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