Examlex
A block of ice sliding down an incline has one-quarter its maximum potential energy
Marginal Utility
The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
Income
The money received, typically on a regular basis, for work or through investments.
Utils Per Dollar
A hypothetical measurement of the utility or satisfaction a consumer gains from spending one dollar on a good or service.
Risk-Averse
Characteristic of preferring to avoid risk, leading to preference for safer, more certain outcomes over riskier ones.
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