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FIGURE WD 1-2 Where is the command to open the dialog box shown in Figure WD 1-2 above?
Total Utility
The overall satisfaction or happiness a consumer derives from consuming a certain quantity of goods and services.
Marginal Utility
The extra benefit or utility gained from acquiring or consuming an additional unit of a product or service.
Utility Per Dollar
The amount of satisfaction or usefulness gained per unit of currency spent, used to measure consumer value.
Marginal Utility
Marginal utility is the change in total satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.
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