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Opportunity Cost
The worth of the best option given up by choosing to follow a specific course of action.
Different Utilities
The concept relating to the varied usefulness or satisfaction that consumers derive from products or services.
Roommates
Individuals who share a living accommodation, where each person typically has their own room but shares other facilities like the bathroom and kitchen.
Household Decision-making
The process by which individuals or families make choices about consumption, savings, and investments.
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