Examlex
The stretch reflex is a monosynaptic reflex because the only synapse in the reflex arc is the one between the thalamus and the hypothalamus.
Self-interest
A principle in economics that suggests individuals usually act in a way that is most beneficial to themselves, based on their preferences and objectives.
Efficient Level Output
The level of production where average total costs are minimized and marginal costs equal marginal revenues.
Zero Profit
A situation in which a firm's total revenues match its total costs, resulting in neither profit nor loss.
Inefficiency
Refers to a lack of efficiency, where resources are not used in the most productive way, often resulting in wasted time or energy.
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