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What is a rock?
Hicksian Substitution Effect
Alternative to the Slutsky equation for decomposing price changes without recourse to indifference curves.
Indifference Curves
A graph showing different bundles of goods between which a consumer is indifferent.
Lagrangian
Function to be maximized or minimized, plus a variable (the Lagrange multiplier) multiplied by the constraint.
Lagrange Multiplier
A technique used in constrained optimization problems to find the maximum or minimum of a function subject to constraints.
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