Examlex
_____ readings are cumulative and require subtraction to determine element times.
Rational Behavior
A theory in economics suggesting that individuals make decisions based on maximizing utility and firms aim to maximize profits.
Smooth Convex Preferences
Preferences characterized by continuous and consistently increasing utility, indicating a reasoned and balanced choice pattern.
Borrow
The act of receiving something of value in exchange for the promise to return it or its equivalent value at a later date.
Lend
The act of giving money or goods to someone with the expectation that it will be paid back in the future.
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