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Your Sister Is Concerned That Your Niece Is Not Going

question 65

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Your sister is concerned that your niece is not going to be a very good student when she goes to school because whenever she shows her something new,your niece only looks at it for a short time.Is she correct?


Definitions:

Marginal Utility

The increased gratification or utility obtained by consuming an additional unit of a good or service.

Total Utility

The total satisfaction received by a consumer from consuming a certain amount of a good or service.

Marginal Utility

The change in satisfaction or utility derived by consuming an additional unit of a good or service.

Indifference Curves

Indifference curves are graphical representations used in microeconomics to show combinations of two goods among which a consumer is indifferent, reflecting their preferences and consumption choices.

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