Examlex
The state of Wyoming has just passed a law requiring all cars entering the state to be equipped with side air bags.The Wyoming requirement:
Income
Earnings accrued from work or investment sources on a consistent basis.
Goods
Physical items that satisfy human wants or needs, which can be bought, sold, or traded.
Maximizing Utility
The process or goal of obtaining the highest level of satisfaction or benefit from the consumption of goods and services, given constraints like income.
Utility
A measure of satisfaction, usefulness, or value that an individual or society derives from a good or service.
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