Examlex
The single most important safeguard for computer security is to create and use strong passwords.
Marginal Products
The extra output that is produced by using one more unit of a particular input, holding all other inputs constant.
Separating Equilibrium
Separating equilibrium occurs in a game or market when different types of participants choose distinctly different strategies or products, revealing their type.
Pooling Equilibrium
A situation in a market where all agents, regardless of their type or quality, provide the same signal, making it impossible to distinguish between them based on that signal alone.
Microeconomics
The branch of economics that studies individual agents and markets, decision-making processes, and the outcomes of interactions.
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