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DEMERIT GOOD: A good that society, usually government, deems is overvalued by consumers in normal market exchanges. As such, governments typically restrict the consumption of demerit goods through policies such as taxes or direct government control. Demerit goods are often have characteristics of quasi-public goods or externality by-products. Examples include tobacco and narcotic drugs. The counter type of good is a merit good.

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MARGINAL UTILITY CURVE

A curve illustrating the relation between the marginal utility obtained from consuming an additional unit of good and the quantity of the good consumed. The negative slope of the marginal utility curve reflects the law of diminishing marginal utility. The marginal utility curve also can be used to derived the demand curve.

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GREEN LOGIGUIN
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Today, you are likely to spend a great deal of time watching infomercials hoping to buy either a pair of red goulashes with shiny buckles or a handcrafted bird feeder. Be on the lookout for high interest rates.
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The average length of a "business lunch" is about 36 minutes.
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