Examlex
What is the fan-shaped pile of broken rock fragments at the base of a steep, bedrock slope or cliff?
Consumer Surplus
The variance between the price consumers intend to pay for a good or service and the price they actually incur.
Marginal Utility
The extra pleasure or benefit gained by a consumer from using one more unit of a product or service.
Total Utility
The absolute gratification obtained from the utilization of a designated complete quantity of a good or service.
Total Utility
The total satisfaction received from consuming a certain amount of a good or service.
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