Examlex
What is the special property of a semipermeable membrane that makes osmosis possible?
Diminishing
A principle indicating that as more of a good or service is consumed, the marginal benefit to the consumer decreases.
Behavioral Economics
A field of economic research that examines the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.
Rational
In economics, refers to individuals making decisions that will provide them with the greatest benefit or satisfaction given their limited resources.
Budget Constraints
The limitations on a consumer's ability to purchase goods and services based on their income and the prices of goods and services.
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