Examlex
A retirement plan where employers often match part of an employee's contribution is known as a
Diminishing Marginal Utility
The principle that as a person increases consumption of a product, there is a decline in the additional satisfaction or utility that person gains from consuming one more unit of the product.
Additional Utils
The extra satisfaction or utility a consumer receives from consuming one more unit of a good or service.
Optimal Consumption
The mix of goods and services purchased that maximizes the utility or satisfaction of a consumer given their budget constraint.
Marginal Utility
The additional pleasure a consumer experiences from acquiring another unit of a product or service.
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