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The term used to describe consumers gaining satisfaction from consumption generally is Margaret has a monthly amount of her income of $20 devoted to purchasing
The term used to describe consumers gaining satisfaction from consumption generally is Margaret has a monthly amount of her income of $20 devoted to purchasing two items: nail polish and eyeliner. The first bottle of nail polish gives 20 units of utility and the second gives 12 units of utility. The first eyeliner gives 40 units of utility and the second gives 10 units of utility. The price of nail polish is $5 and the price of eyeliner is $9
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