Examlex
The WTO's neutral trade experts also serve as mediators in global trade disputes.
Marginal Utility
The surplus enjoyment or utility obtained from the consumption of one extra unit of a good or service.
Budget Line
A line that shows the different combinations of two products a consumer can purchase with a specific money income, given the products’ prices.
Marginal Utility
The additional satisfaction or utility a consumer gets from consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
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