Examlex
Define the term core applications and give some examples.
Net Change
Net change refers to the difference in the closing price of a stock, bond, commodity, or index on a given day compared to the closing price on the previous trading day.
Utility Function
A mathematical representation of how different bundles of goods are ranked according to their utility or satisfaction provided to the consumer.
Equivalent Variation
A measure in economics that indicates the amount of money a consumer would need to reach their initial utility level after a price change.
Price Change
A variation in the cost of goods or services over time, which can be an increase or decrease.
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