Examlex
The concept of representative bureaucracy suggests that the employee composition of public agencies should resemble the composition of the general population in terms of gender, racial, ethnic, socioeconomic, and other related characteristics of society.
Maximum Utility
The highest level of satisfaction or benefit that a consumer can obtain from consuming goods and services, given their income and prices of goods.
Satisfaction Per Dollar
A measure of the utility or happiness a consumer gains per unit of expenditure.
MUₐ /Pₐ
The ratio of marginal utility (MUₐ) to the price (Pₐ) of an item, often used in consumer choice theory to evaluate optimal consumption.
Maximize Utility
The process of allocating resources to get the highest possible satisfaction for an individual or a society.
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