Examlex
A car dealer that maintains a large number of automobiles on their lot so that they avoid losing a sale to another dealer who has the make and model a given customer wants is engaged in ________.
Total Utility
The overall satisfaction or benefit a consumer receives from consuming a particular amount of goods or services.
Gasoline
A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.
Marginal Utility
The additional satisfaction or benefit (utility) that a person receives from consuming one more unit of a good or service.
Utils
A hypothetical unit of measurement used in economics to quantify utility or the satisfaction gained from consuming goods and services.
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