Examlex
If an isotope has a half- life of 4 million years,and a fossil is 16 million years old,how much of the original isotope will be found in the fossil?
Total Utility
The total satisfaction or benefit derived by a consumer from consuming a particular quantity of goods or services.
Marginal Utility
The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.
Marginal Utility
The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.
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