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One of the consequences of the minimum wage has been:
Utility Theory
An economic theory that models how individuals make choices based on their preferences and the perceived utility or satisfaction from goods and services.
Marginal Utility
The additional satisfaction or benefit gained from consuming one more unit of a good or service.
Trading Cards
Collectible cards typically featuring individuals from sports, television, or other areas of popular culture, often traded and valued by enthusiasts.
Diminishing Marginal Utility
Declining utility, or satisfaction, derived from each additional unit consumed of a particular good or service.
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