Examlex
If a cricket wins a fight,it will ___________ and if it loses a fight it _________________.
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.
Consumer Surplus
The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay, symbolizing the advantage to consumers.
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