Examlex
Under the Fifth Amendment, when can a person be forced to produce documents for a government prosecution that could implicate a business in a violation of the law?
Convex Preferences
Consumer preferences where the consumer prefers averages or mixes of goods to extremes, represented graphically by convex indifference curves.
Monotonic Transformation
A monotonic transformation involves a function that either entirely increases or decreases, preserving the order of the original function’s elements.
Cobb-Douglas Preferences
A utility function used in economics to represent preferences of consumers, characterized by goods being perfect substitutes or complements to some degree.
Utility Function
An expression used in economics to quantify the happiness or satisfaction gained from consuming a set of goods or services.
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