Examlex
In the _____, information is communicated along nerves.
Marginal Utility
The change in satisfaction or benefit derived from consuming an additional unit of a good or service.
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.
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