Examlex
Financial intermediation refers to a process in which a financial institution buys stocks and bonds on behalf of investors who then have a claim on that institution rather than ownership of the securities themselves.
MR Curve
The marginal revenue curve, which shows how a firm's revenue changes with each additional unit sold.
Marginal Utility
The supplementary enjoyment or value derived from the use of one more unit of a good or service.
Hypothetical Consumer
A theoretical representation of an average or typical consumer used in economic models to predict the behavior of consumers under different market conditions.
Total Utility
The total enjoyment gained from the use of a particular cumulative amount of a product or service.
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