Examlex
How can different levels of analysis lead to different explanations of the impact of globalization on global politics?
Demand Schedule
A table or graph showing the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period.
Marginal Utility
The extra pleasure a customer receives from using an additional unit of a product or service.
Consumer Surplus
The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay.
Utility
A measure of satisfaction, usefulness or value that a consumer receives from any good or service.
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