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You are taking the pulse and find it feels extremely strong and full.How would you record this?
Marginal Benefit
The additional satisfaction or utility derived by consuming or producing one more unit of a good or service.
Public Good
An item or service made available at no cost to everyone in society, delivered by public institutions, private organizations, or individuals without aiming for financial gain.
Marginal Cost
The cost of producing one additional unit of a good or service, a concept crucial for understanding economic decision-making and pricing strategies.
Positive Externalities
Benefits that result from a commercial activity experienced by others who are not directly involved in the transaction or activity.
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