Examlex
On which aspect of fetal diagnostic testing do parents usually place the most importance?
Utility Function
A mathematical representation describing how consumers rank different bundles of goods based on the level of satisfaction they provide.
Marginal Utility
The extra pleasure or benefit derived from the consumption or utilization of an additional unit of a product or service.
Marginal Utility
The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a good or service.
Risk Averse
A characteristic of individuals who prefer to avoid risk, choosing certainty over uncertainty even if it results in a potentially lower return.
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