Examlex
________ are complex and each possible solution may create a new problem.
Marginal Utility
The further benefit or pleasure derived by consuming an additional unit of a given good or service.
Weekly Income
The total amount of money earned or received by an individual or household over the course of a week.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget.
Budget Constraint
A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.
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