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When Using a Laptop or Cell Phone for Time Management,salespeople

question 62

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When using a laptop or cell phone for time management,salespeople need to remember a laptop or cell phone is:


Definitions:

Total Utility

The total satisfaction or benefit derived from consuming a particular quantity of goods or services.

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of a good or service.

Equilibrium Combination

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Marginal Utility

The change in overall satisfaction derived from the consumption of an additional unit of a good.

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