Examlex
Water carriers are the cheapest and slowest method of transportation and are used primarily for large quantities of bulky material.
Marginal Utility
The additional satisfaction or utility received by consuming one more unit of a good or service.
Total Utility
The total satisfaction received from consuming a given total quantity of a good or service.
Marginal Utility
The additional satisfaction or benefit received by consuming one more unit of a good or service.
Consumer Demand Curve
illustrates the relationship between the price of a good or service and the quantity demanded by consumers over a period, typically showing an inverse relationship.
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