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New computer technologies can be expected to
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.
Behavioral Economics
A field of economic research that examines the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.
Rational
In economics, refers to individuals making decisions that will provide them with the greatest benefit or satisfaction given their limited resources.
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