Examlex
When an infant can relearn something she's forgotten,and does so in much less time than she required for her original learning,we know
Perfect Substitutes
Products or services that can be used in exactly the same way by the consumer and that are perceived as identical in satisfying an individual's needs or desires.
Perfect Complements
Goods that are consumed together in fixed proportions to fulfill a specific utility.
Convex Preferences
A set of consumer preferences that exhibit a specific property where mixtures of goods are preferred over singular extremes, displaying a curve outward towards the origin on a utility graph.
Weakly Convex
Describes a curve or set in geometry and mathematical functions that bulges outward less sharply than a perfectly convex shape, often applied in optimization problems.
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