Examlex
What is an informational nudge? Give an example.
Ordinal Utility Function
Utility function that generates a ranking of market baskets in order of most to least preferred.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.
Slope
The rate at which a line or curve inclines or declines, indicating the steepness.
Preferences
The subjective tastes and desires that guide consumers in making their choice among various goods and services.
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