Examlex
List and explain three costs of technology.
Diminishing Marginal Utility
The decrease in satisfaction or benefit from obtaining one more unit of a good or service as one consumes more of it.
Reese's Peanut Butter Cups
A popular type of candy consisting of a milk, white, or dark chocolate cup filled with peanut butter, marketed by The Hershey Company.
Apples
Edible fruits produced by an apple tree, commonly consumed worldwide and used in a variety of culinary dishes.
Budget Constraint
The limitation that the cost of a consumer’s consumption bundle cannot exceed the consumer’s income.
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