Examlex
What is the size of semi-annual deposits that will accumulate to $113 200.00 after 9.5 years at 6.5% compounded semi-annually?
Revealed Preferences
A theory that determines preferences by observing consumer choices and behaviors, rather than through direct inquiry about preferences.
Bundle
A collection of goods or services that are sold together as a single package deal.
Weak Axiom
A principle in consumer theory stating that if a consumer prefers bundle A over bundle B when prices are constant, then the consumer will not choose B over A if the price of A decreases and B's price remains unchanged.
Revealed Preferences
A concept in economics that preferences of consumers can be inferred by observing their purchasing habits and behaviors.
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