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Marginal Utility
The additional satisfaction or utility gained from consuming one more unit of a good or service.
Apples
In economic terms, apples can be used as an example commodity to discuss principles like supply, demand, and market equilibrium.
Oranges
A citrus fruit known for its round shape and juicy, sweet interior, widely cultivated in warm climates.
Contract Curve
Represents the set of optimal allocations of resources between two agents in an economy, where no party can be made better off without making the other party worse off.
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