Examlex
Shock probation was initiated in the United Kingdom in the 1950s.
Total Utility
The utmost satisfaction achieved from utilizing a specified amount of goods or services.
Limited Income
Describes a situation where an individual or household has a finite or restricted amount of monetary resources available for spending and saving.
Marginal Utilities
The gain in utility or enjoyment a consumer realizes from the consumption of one extra unit of a good or service.
Extra Total Utility
The additional satisfaction or benefit that a consumer derives from consuming one more unit of a good or service.
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