Examlex
An employee says his monitor is acting strangely and is asking how to open the CRT. What do you tell the employee?
Marginal Utility
Marginal utility is the additional satisfaction a consumer gains from consuming one more unit of a good or service.
Diminishing Marginal Utility
Diminishing marginal utility is an economic principle stating that as a person consumes more of a good or service, the satisfaction (utility) gained from each additional unit decreases.
Satisfaction
The feeling of pleasure or contentment arising from meeting one's needs, desires, or expectations.
Utility
A measure of satisfaction or benefit that a consumer receives from consuming goods and services.
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