Examlex
Firms always adopt and use new technology.
Marginal Utility
The change in total satisfaction or utility that a consumer experiences as a result of consuming one additional unit of a good or service.
Framing Effects
The influence on an individual's decision-making caused by the way information is presented, rather than just the information itself.
Status Quo
The existing state of affairs; in prospect theory, the current situation from which gains and losses are calculated.
Utility
A measure of satisfaction or value that consumers receive from consuming goods and services.
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