Examlex
A type of learning in which a neutral stimulus,when repeatedly paired with a stimulus that elicits a reflexive response,comes to elicit the response by itself is called
Optimal Quantity
The quantity that generates the highest possible total profit.
Economic Analysis
The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.
Marginal Benefit
The additional benefit obtained from consuming one more unit of a product or service.
Marginal Benefit
The additional benefit received from consuming one more unit of a product or service.
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