Examlex
Horizontal-branch stars have a wide range of temperatures and luminosities between 50 and 100 times that of the Sun,so they are in what stage of their lives?
Marginal Utility
The additional satisfaction or usefulness obtained from acquiring or consuming one more unit of a good or service.
Risk Averse
A characteristic of individuals who prefer to avoid risk, choosing certainty over uncertainty even if it results in a potentially lower return.
Marginal Utility Function
A mathematical representation that describes how the utility or satisfaction derived from consuming an additional unit of a good changes as more of the good is consumed.
Utility Function
A utility function is a mathematical representation of a consumer's preference ranking for different bundles of goods, showing the level of satisfaction for each.
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