Examlex
Divisions of the geologic time scale are divided into equal increments of 250 million years.
Marginal Utility
The change in satisfaction or utility an individual gains from consuming one additional unit of a good or service.
Consumer Equilibrium
In marginal utility theory, the combination of goods purchased that maximizes total utility by applying the utility-maximizing rule.
Prices
The amount of money required to purchase a good or service, often determined by the forces of supply and demand in the market.
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