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question 29

Multiple Choice

Use the following to answer questions:
Match the item in each question with the correct alternative from the list below.
-PCP ___


Definitions:

Marginal Utility

The change in total utility a consumer experiences from consuming one additional unit of a good or service.

Total Utility

The complete pleasure derived from the consumption of a specific amount of products or services.

Consumption

The utilization of products and services by families.

Marginal Utility

The change in total utility a person receives from consuming one additional unit of a good or service.

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