Examlex
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Total Utility
The overall satisfaction or benefit a customer receives from consuming a particular good or service.
Marginal Utility
The increased happiness or usefulness gained by consuming an additional unit of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
Utility Schedule
A table showing different quantities of a good and the utility or satisfaction derived from each quantity, used to analyze consumer preferences.
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