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Indifference Curves
Graphical representations in economics showing different combinations of two goods that provide equal satisfaction and utility to an individual.
Utility
A financial concept that denotes the overall pleasure obtained from using a product or service.
Indifference Curve
A graphical representation showing different combinations of two goods that provide a consumer with the same level of satisfaction or utility.
Total Utility
The complete fulfillment gained through the consumption of a certain amount of a product or service.
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