Examlex
What is a process that employs specialized algorithms to model and study complex datasets; the method is also used to establish relationships among data and datasets?
Market Baskets
A set of goods or services used as a standard for comparing purchasing power or cost of living in different locations.
Completeness
In economics, completeness refers to a property of preferences indicating that any two bundles of goods can be compared, allowing for decisions on which is preferred or if they are equally desirable.
Transitivity
A principle in decision making that if option A is preferred over B, and B is preferred over C, then A should be preferred over C.
Marginal Utility
The extra pleasure or advantage obtained from using an additional unit of a product or service.
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