Examlex
Which of the following statements is correct?
Leisure
Free time available to a person for relaxation, entertainment, or hobbies, not taken up by work or essential domestic activities.
Marginal Utility
The additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.
Total Utility
The complete satisfaction or pleasure a consumer obtains from consuming a given quantity of goods or services.
Indifference Curve
A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for certain combinations of goods.
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