Examlex
When young infants (younger than 2 months) look at complex shapes or pictures, they tend to look at
Diminishing Utility
The principle that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.
Marginal Utility
The additional satisfaction or benefit obtained from consuming one more unit of a good or service.
Total Utility
The complete satisfaction obtained from consuming a particular quantity of goods or services.
Marginal Utility
The extra pleasure or benefit gained by a consumer from using an additional unit of a product or service.
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