Examlex
Which of the following are advantages of owning bonds?
I. diversification properties
II. higher long-term returns than equity holdings
III. current income
IV. relatively low risk
Marginal Utility
The additional satisfaction gained from consuming an additional unit of a good or service.
Hypothetical Consumer
A theoretical or model consumer whose purchasing decisions and behavior are used to analyze the demand side of the market.
Product X
This term is unspecified and could refer to any product or item being discussed or analyzed in a specific context.
Total Utility
The complete pleasure or advantage a customer gets from using a certain amount of products or services.
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