Examlex
Match the description with the appropriate element of Locke's philosophy.
-simple ideas
Maximize Utility
The goal of consumers in economic theory, aiming to achieve the greatest satisfaction possible from their resources and choices.
Marginal Utility
The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.
Rock Concerts
Rock concerts are live music performances by rock bands or solo artists, characterized by energetic performances and, often, loud music.
Colas
Cost-of-living adjustments (COLAs) are automatic adjustments made to salaries, wages, or benefits to counteract the effects of inflation.
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