Examlex
Which of the following sounds is newborn Elena MOST likely to prefer?
Preferences
The subjective tastes and desires that guide consumers in making their choice among various goods and services.
Incomplete
Characterizing something as not fully finished, lacking some parts, or not comprehensive.
Transitive
A relation is described as transitive if, whenever it relates some A to B and B to C, it also relates A to C.
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another good while maintaining the same level of utility or satisfaction.
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