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Marginal Utility
The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.
Utility-Maximizing Rule
An economic principle stating that consumers allocate their income to purchase the combination of goods and services that maximizes their utility.
Consumption Mix
The combination of goods and services consumed by an individual or in an economy, reflecting preferences, income levels, and other factors.
Marginal Utilities
The increased happiness or advantage gained by a consumer from consuming an extra unit of a good or service.
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