Examlex
Operating leases are long-term or noncancelable leases in which the lessor transfers all the risks and rewards of ownership to the lessee.
Preferred
Indicating a greater liking for one alternative over another or others.
Marginal Rate
The rate at which a change is made from one level to another, often used in the context of taxes or interest rates.
Indifference Curve
A graph representing combinations of goods or services among which a consumer is indifferent.
Substitution
The process of replacing one good or service with another, often due to changes in relative prices, quality, or availability.
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