Examlex
A sensation seeker is a person who only engages in extreme, potentially life-threatening acts.
Marginal Utility
The added satisfaction or usefulness received from consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a certain amount or combination of goods and services.
Money Income
The total amount of monetary earnings or receipts received by an individual or household from various sources before taxes.
Utility-Maximizing
Utility-maximizing is a principle in economics where individuals or entities choose the options that provide the highest satisfaction or utility from the available choices, given their preferences and constraints.
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