Examlex
What new cell is formed when the sperm's genetic material fuses with the ovum's genetic material?
VCR
A video cassette recorder, a device once commonly used to play and record television programs and movies on magnetic tape.
Perfect Substitutes
Goods or services that can be used in exactly the same way, thus one can completely replace another in consumption.
Marginal Rate of Substitution
The speed at which a consumer is prepared to exchange one product for another while keeping their overall satisfaction constant.
Utility Maximizing
The process or behavior of consumers attempting to get the greatest amount of satisfaction from their consumption choices, subject to their income and the prices of goods and services.
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