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There has been much discussion of deregulating electricity and natural gas delivery companies in the United States. Discuss the likely effect of deregulation on prices in these two industries.
MU-to-P Ratio
The ratio of marginal utility (MU) to price (P), used in consumer choice theory to determine the optimal consumption bundle.
MU ᵦ/P ᵦ Ratio
Represents the marginal utility of good B (MUᵦ) divided by its price (Pᵦ), used in consumer theory to analyze optimal consumption points.
TP or MP Curves
Total Product (TP) and Marginal Product (MP) curves are graphical representations in economics that illustrate the total output produced and the additional output from employing one more unit of a resource, respectively.
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