The Oceans Are the Largest Water Reservoir on the Planet

question 20

True/False

The oceans are the largest water reservoir on the planet.

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Definitions:

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Indifference Curve

A graph that shows combinations of two goods that give a consumer equal satisfaction and utility.

Utility Levels

Quantitative measures of the satisfaction or happiness that individuals derive from consuming goods and services.

Indifference Curve

A graphical representation that shows different combinations of goods or services among which a consumer is indifferent, indicating the same level of satisfaction or utility.