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Marginal Utility
The additional satisfaction or utility gained by consuming an additional unit of a good or service.
Indifference Curve
A graphical representation in microeconomic theory of all combinations of goods that provide a consumer with the same level of satisfaction, indicating their preferences.
Indifference Curve
A graphical representation showing different combinations of two goods that give a consumer equal satisfaction and utility.
Marginal Utility
The additional satisfaction or usefulness gained from consuming one more unit of a good or service.
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