Examlex
MDM consolidates data from various data sources into a multi-source data file, which then feeds data back to the applications, thereby creating accurate and consistent data across the enterprise.
Diminishing Rate
A principle stating that as one factor of production increases, while others stay constant, the resulting increase in output will eventually decrease.
Total Utility
The entire pleasure derived from using a certain total volume of a good or service.
Total Utility
Total utility is the total satisfaction or benefit a consumer receives from consuming a particular quantity of goods or services.
Diminishing Marginal Utility
The decrease in satisfaction or utility that a person derives from consuming each additional unit of a good or service.
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