Examlex
Which theory holds that people age most successfully by remaining involved in as many roles as possible and finding substitutes for lost roles?
Total Utility
The total satisfaction received from consuming a certain amount of goods or services.
Marginal Utility
The change in satisfaction or benefit derived by consuming an additional unit of a good or service.
Utility
In the field of economics, the complete enjoyment or benefit derived from the consumption of a product or service.
Consumer Surplus
The discrepancy between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.
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