Examlex
var(aX + bY) =
Marginal Utility
The extra pleasure or benefit gained by a consumer from using one more unit of a product or service.
Total Utility
The absolute gratification obtained from the utilization of a designated complete quantity of a good or service.
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.
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