Examlex
An experimenter reads a series of letters, such as TGWNR, and asks college students to recall it 20 seconds later. They are likely to forget the letters if they
Chips
Thin slices of potatoes, vegetables, or other foods, fried or baked until crispy, commonly served as a snack or side dish.
Equal Marginal Principle
The principle stating that optimal allocation occurs when the marginal benefits from allocation of resources to different uses are equalized.
MRS
An abbreviation for Marginal Rate of Substitution, which is the rate at which a consumer is willing to exchange quantities of one good for another while maintaining the same level of utility.
Price Ratio
The proportionate comparison or ratio of the prices of two different goods or services.
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