Examlex
The optimum temperature is usually closer to the minimum temperature than the maximum temperature.
Maximize Utility
The process or goal of obtaining the highest level of satisfaction or benefit from consuming goods and services, given a consumer's limitations, such as income or resources.
Income
The financial gain received by an individual or entity, typically measured over a period of time, deriving from labor, investment, or business ventures.
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.
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