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Utility-maximizing
Refers to the economic principle where individuals or households attempt to get the highest level of satisfaction from their resources.
Income
The money received, especially on a regular basis, for work or through investments.
Marginal Utility
The increased enjoyment or value one gets from the consumption of an extra unit of a good or service.
Marginal Utility
The added satisfaction or usefulness obtained from using one more unit of a product or service.
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