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The Assessment of the Environmental Impact of a Product or Service

question 60

Multiple Choice

The assessment of the environmental impact of a product or service throughout its useful life is called:


Definitions:

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Money Income

The total amount of monetary earnings received by an individual or household before any deductions like taxes or social security contributions.

Units

Fundamental quantities used to measure, count, or quantify objects or events.

Diminishing Marginal Utility

See Law of Diminishing Marginal Utility.

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