Examlex
According to the stage-gate process developed by Robert G. Cooper, _____ are the results of the previous stage and are the inputs for the gate review.
Total Utility
The total satisfaction received from consuming a certain quantity of goods or services.
Consumer Surplus
The difference between the maximum amount a consumer is willing to pay for a good or service and the actual amount they do pay.
Marginal Utility
The additional satisfaction or utility that a consumer receives from having one more unit of a good or service.
Marginal Utility
The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.
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