Examlex
Who generally has the most influence over the construction of rules?
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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