Examlex
One factor that minimizes groupthink is the presence of a strong-minded leader who makes his or her preferences known before the discussion.
Utility Per Dollar
A measure of the satisfaction or usefulness obtained from purchasing goods or services relative to the amount of money spent.
Diminishing Marginal Utility
The principle stating that as more of a good or service is consumed, the marginal benefit of additional units will decline.
Utility Maximization
The process by which consumers adjust their consumption to achieve the highest level of satisfaction from their available resources.
Marginal Utility
The incremental pleasure or advantage obtained by consuming an extra unit of a good or service.
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