Examlex
Communications between the user and server computers are governed by_________ .
Behavioral Economics
A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions of individuals and institutions.
Marginal Benefit
The incremental benefit or enjoyment a consumer receives by using one more unit of a good or service.
Economic Payoff
The financial return or reward received from an investment or decision, measured in terms of profit or loss.
Equity
Fairness; everyone gets his or her fair share. Since people can disagree about what is “fair, ” equity is not as well defined a concept as efficiency.
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