Examlex
Assume Adam was convicted of robbery and the judge wants to impose a longer sentence because of Bill's physical injuries.
Marginal Utility
The additional satisfaction or benefit (utility) that a consumer gains from consuming one more unit of a good or service.
Consumer Behavior
Consumer behavior examines the decision-making processes and actions of individuals or groups in purchasing and using goods and services.
Maximizes Satisfaction
Refers to the act of choosing options that result in the highest level of satisfaction or utility for an individual or group, based on preferences.
Rational
Behaviors and decisions that maximize a person’s chances of achieving his or her goals. See rational behavior.
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