Examlex
What does a neurotransmitter do?
Consumer's Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay.
Earplugs
Devices inserted in the ear canal to protect the ears from loud noises, water, foreign bodies, or excessive wind.
Utility Function
A mathematical representation that ranks an individual's preferences over a set of goods or outcomes.
Equivalent Variation
A measure in economics that calculates the change in income required to reach the utility level before a price change, keeping the new prices constant.
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