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What is the energy of a photon whose frequency is 6.0 x 1020 Hz? (h = 6.63 x 10-34 J*s and 1 eV = 1.60 x 10-19 J)
Marginal Utility
The change in satisfaction or utility an individual gains from consuming an additional unit of a good or service.
Consumer Surplus
The gap between what consumers are ready to pay for a product or service and the actual amount they spend.
Marginal Utility
The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.
Total Utility
The entire pleasure derived from using a certain aggregate quantity of a good or service.
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