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What are the responsibilities of a CIO?
Marginal Decision Rule
A principle used in economics and decision-making that recommends comparing the additional benefits of a decision or action to its additional costs.
Downward Sloping
Characteristic of a graph indicating that as one variable increases, the other variable decreases, common in demand curves.
Demand
The quantity of a particular good or service that consumers are willing and able to purchase at various prices.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.
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