Examlex
The total risk of a well-diversified international portfolio of stocks appears to be about what proportion of the risk of an average one-stock portfolio?
Law of Diminishing Marginal Utility
The principle that as a person increases consumption of a product, there is a decline in the marginal utility that person derives from consuming each additional unit.
Ability-To-Pay Principle
The idea that those who have greater income (or wealth) should pay a greater proportion of it as taxes than those who have less income (or wealth).
Marginal Cost
the additional cost incurred to produce one more unit of a good or service.
Marginal Benefit
The added joy or utility one achieves by consuming an additional unit of a product or service.
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