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Heckscher-Ohlin theory supports the case for unrestricted free trade between nations.
Total Utility
The cumulative satisfaction or usefulness that a person gains from consuming all units of a particular good or service.
Marginal Utility
The supplementary enjoyment or value obtained by consuming an extra unit of a good or service.
Total Utility
The overall satisfaction or happiness a consumer derives from consuming a certain quantity of goods and services.
Marginal Utility
The extra benefit or utility gained from acquiring or consuming an additional unit of a product or service.
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