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The graphs of the equations and
are the same line.
Marginal-Utility-To-Price Ratio
The comparison of the additional satisfaction obtained from consuming one more unit of a good to its cost.
Marginal Utility
The incremental pleasure or value received from consuming one more unit of a good or service.
Marginal Utility Schedules
Tables or graphs that show the relationship between the quantity of a good consumed and the utility (satisfaction) that is gained from each additional unit.
Total Utility
The complete satisfaction or advantage gained from consuming a specified overall amount of a product or service.
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