Examlex
Expert systems do not permit nonexpert employees to draw on the expert knowledge base to make decisions.
Transitivity
In decision theory, the principle that if a person prefers option A to option B and prefers option B to option C, then the person should prefer option A to option C.
Intersect
The point at which two or more lines or curves meet or cross each other.
Marginal Rate
Generally refers to the additional or incremental rate applied to an additional unit of some activity, such as the rate of tax applied to the next dollar of income.
Budget Constraint
Represents the limitations on the choices consumers can make, given their income and the prices of goods and services.
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