Examlex
What term do economists use to describe the relationship between the quantity of inputs used and the quantity of output produced?
Marginal Utility
The extra pleasure or benefit obtained from consuming an additional unit of a product or service.
Total Utility
The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods and services.
Marginal Utility
The change in total satisfaction or pleasure derived from consuming one more unit of a good or service.
Total Utility
The overall satisfaction or benefit a customer receives from consuming a particular good or service.
Q50: Some data that at first might seem
Q136: Which of the following countries had the
Q160: When computing the cost of the basket
Q186: Which of the following is considered human
Q189: Productivity is defined as<br>A) the amount of
Q206: Several studies in the 1990s concluded that
Q230: In the long run,a higher saving rate<br>A)
Q252: Suppose a country reduces trade restrictions.This country
Q340: Refer to Table 24-2.If 2009 is the
Q346: The price index was 120 in 2006