Examlex
The results of blood tests that reveal a person's total cholesterol and triglycerides are called a
R&D
Research and Development, which refers to the activities companies undertake to innovate and introduce new products or services.
Innovation
The process of creating new ideas, products, or methods that bring something novel to the market or society.
Marginal Utility
The additional contentment or value obtained by consuming one more unit of a good or service.
Utility-maximizing Combination
is a selection of goods and services that provides the highest level of satisfaction or utility to an individual, given their budget constraints.
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