Examlex

Solved

All of the Following Are Goals of Inclusion Except

question 18

Multiple Choice

All of the following are goals of inclusion except:


Definitions:

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The increase in satisfaction or value derived from the consumption of one more unit of a good or service.

Utility Schedule

A table showing the relationship between quantities of goods consumed and the utility or satisfaction derived from those quantities.

Marginal Utility

The surplus satisfaction or advantage gained upon consuming an incremental unit of a good or service.

Related Questions