Examlex
A condominium is an arrangement by which several people can own the same property while being entitled to occupy the premises exclusively at different times on a recurring basis.
Total Utility
The total amount of satisfaction derived from the consumption of a single product or a combination of products.
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.
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