1-2 Vocabulary jw
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| methods used to encourage people to take certain actions. | Incentive
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| The benefit or satisfaction received from using a good or service. | Utility
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| Means to make decisions according to the best combination of costs and benefits. | economize
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| The alternative people give up when they make choices. | Trade-off
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| The value of something that is given up to get something else that is wanted. | Opportunity Cost
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| An approach that weighs the benefits of an action against its costs. | Cost-benefit analysis
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| The additional cost of using one more unit of a product. | Marginal Cost
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| The additional satisfaction from using one more unit of a product. | Marginal Benefit
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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