Examlex
Explain the analysts' role in making the capital markets efficient.
Doodads
Informal term for small gadgets or devices, often novel or unnecessary; not a standard economic term.
Pareto Optimal
An economic state where resources are allocated in such a way that it is impossible to make any one individual better off without making at least one individual worse off.
Utility Functions
Functions that model the preference ranking of various combinations or bundles of goods and services by assigning a utility value based on the satisfaction obtained.
Marginal Rate of Substitution
The rate at which a consumer is willing to substitute one good for another while maintaining the same level of satisfaction or utility.
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