Examlex
Which of the following statements is correct?
Marginal Utility
The additional satisfaction or usefulness gained from consuming one more unit of a good or service.
Risk-averse
Describes individuals or entities that prefer to avoid risk and would rather choose a certain outcome over a gamble with a potentially higher, but uncertain, return.
Diminishing Marginal Utility
An economic principle that asserts the added satisfaction a consumer gains from consuming one more unit of a good or service decreases with each additional unit consumed.
Fundamental Analysis
The study of a company’s accounting statements and future prospects to determine its value
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