Examlex
Marginal utility can fall even as total utility from the consumption of a good is rising.
Consumer Goods
Products that are purchased by individuals or households for personal use or consumption.
Production Possibility Frontier
A curve depicting the maximum attainable combinations of two products that may be produced with available resources and current technology.
Constant Negative Slope
A graphical representation where a line consistently moves downward, indicating a decrease in one variable as another variable increases.
Consumer Goods
Products and services that are purchased by individuals for personal consumption.
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