Examlex
Which of the following is included in both M1 and M2?
Marginal Rate
The additional cost or benefit associated with a small unit change in a variable or activity.
Indifference Curve
A graph representing combinations of two goods that provide the consumer with the same level of satisfaction, illustrating preferences.
Constant
A value that does not change in mathematical expressions or economic models, acting as a fixed point of reference.
Diminishing
A principle indicating that as more of a good or service is consumed, the marginal benefit to the consumer decreases.
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