Examlex
The main source of funds for ____ is proceeds from selling securities to households and businesses, while their main use of funds is providing loans to households and businesses.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.
Water-Diamond Paradox
The water-diamond paradox questions why diamonds are more valuable than water, despite water being essential for life and diamonds not, illustrating subjective value in economics.
Marginal Utility
The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a given total quantity of a good or service.
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