Examlex
The United States sets a yearly quota on the number of refugees accepted each year.
Marginal Utility
The additional pleasure a consumer experiences from acquiring another unit of a product or service.
Marginal Utility Per Dollar
The additional utility gained from spending one more dollar on a good or service.
Diminishing Marginal Utility
The principle stating that as a person consumes more of a good or service, the satisfaction gained from each additional unit decreases.
Utility Maximizer
An economic concept referring to consumers who select goods or services in a way that maximizes their total satisfaction or utility.
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