Examlex
Because of diminishing marginal utility, total utility always decreases when additional amounts of a commodity are consumed.
Opportunity Costs
The value of the best alternative forgone in making any decision.
Production Possibility Frontier
A curve depicting the maximum attainable combinations of two products that may be produced with available resources.
Opportunity Costs
The disclaim of potential advantage from other options when a particular choice is favored.
Exercising Regularly
The routine practice of engaging in physical activity to maintain or improve health and fitness.
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