Examlex
Which of the following is not a method of obtaining the micro level of legitimacy?
Utility Function
Describes how different combinations of goods or outcomes are valued by an individual, helping to predict choice under uncertainty.
Income
The financial gain or revenue received by an individual or entity, typically through wages, investments, or business operations.
Prices
The amount of money expected, required, or given in exchange for goods or services.
Marginal Rate
The rate of change in cost or benefit resulting from a particular increase in volume or activity.
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