Examlex
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Total Utility
The overall satisfaction or benefit a consumer receives from consuming a certain quantity of a good or service.
Marginal Utility
The additional satisfaction or benefit gained from consuming one more unit of a good or service.
Money Income
The total amount of monetary earnings or receipts a person or household receives within a specific period.
Utility-Maximizing
The behavior or principle where individuals or entities choose options that increase their satisfaction or utility to the greatest extent.
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