Examlex
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Total Utility
refers to the total satisfaction gained from consuming a particular quantity of goods or services.
Marginal Utility
Marginal utility is the additional satisfaction or benefit (utility) a consumer derives from purchasing one more unit of a good or service.
Difference
A term that refers to the disparity or distinction between two or more elements, items, or phenomena.
Marginal Utility
Additional gratification or utility that comes from consuming one more unit of a product or service.
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