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Violations Such as Running Away, Setting Fires, Skipping School, and Using

question 2

Multiple Choice

 Violations such as running away, setting fires, skipping school, and using drugs and alcohol are referred to as ____.


Definitions:

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the actual price they do pay.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

Marginal Utility

The change in satisfaction or benefit derived by consuming an additional unit of a good or service.

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