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  • https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/5%3A_Consumer_Choice_and_Utility/5.1%3A_The_Demand_Curve_and_Utility
    Utility is an economic measure of how valuable, or useful, a good or service is to a consumer.
  • https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/14%3A_Inputs_to_Production%3A_Labor_Natural_Resources_and_Technology/14.2%3A_Labor_Market_Equilibrium_and_Wage_Determinants
    Equilibrium in the labor market requires that the marginal revenue product of labor is equal to the wage rate, and that MPL/PL=MPK/PK .
  • https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/1%3A_Principles_of_Economics/1.2%3A_Individual_Decision_Making
    When scarce resources are used, actors are forced to make choices that have an opportunity cost.

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