Examlex
Typedef is used to:
Total Utility
The total satisfaction received from consuming a certain amount of a good or service.
Marginal Utility
The supplementary value or usefulness experienced from consuming one more unit of a good or service.
Consumer Surplus
The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay, symbolizing the advantage to consumers.
Marginal Utility
The increased contentment or value derived from the consumption of an extra unit of a good or service.
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