Examlex
In the words of Justice Brandeis, what is the "right to be let alone?"
Demand Curve
A graph showing the relationship between the price of a good and the amount of the good that consumers are willing to purchase at that price, ceteris paribus.
Zero Price
Refers to a situation where a good or service is offered without requiring payment; often to promote sharing or distribution efficiency.
Marginal Utility
The supplementary satisfaction or advantage a consumer experiences by using one more unit of a good or service.
Diminishing
Refers to the principle where additional units of input result in progressively smaller increases in output, often applied in the context of diminishing marginal returns in production.
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