Examlex
Predictable cycles in stock price movements:
I. persist for a long time
II. self destruct as soon as investors recognize them
III. never appear as the stock price movements are random
Marginal Utility
The change in satisfaction or utility that an individual gains from consuming an additional unit of a good or service.
Consumer Equilibrium
A state where an individual allocates their income in a way that maximizes their utility, given their budget constraints.
Marginal Utility
The extra pleasure or benefit a consumer receives from using an additional unit of a product or service.
Equilibrium Prices
The price at which the quantity of goods supplied is equal to the quantity of goods demanded.
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