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Describe continuous ARQ.
Consumption
Refers to the use of goods and services by households.
Utils
An imaginary unit of measurement used in economics to represent the satisfaction or utility received from consuming goods and services.
Marginal Utility
An additional amount of satisfaction gained from consuming an extra unit of a good, highlighting the concept of diminishing returns.
Total Utility
The total satisfaction received from consuming a certain amount of goods or services.
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