Examlex
Identify and state the historical significance of the following:
-"Self-Reliance"
Marginal Rate
Marginal Rate often refers to the additional cost or benefit associated with a slight increase in production or activity, influencing decisions in finance and economics.
Convex
A shape or function where a line segment between any two points on its boundary or graph lies above or on the shape or graph.
Transitivity
In decision theory, the principle that if a person prefers option A to B and B to C, then they should prefer A to C.
Diminishing Marginal
A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit will eventually decline.
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