Examlex
A caterpillar changing into a butterfly is an example of complete metamorphosis. During this process, a larva transforms itself into an adult during a specialized phase in which it is a _______.
Diminishing Marginal
The principle that the marginal benefit of using or consuming one more unit of a good or service decreases as its quantity increases.
Rate
The speed at which a certain event occurs, often expressed as a quantity over time.
Substitution
The act of replacing one thing with another, especially a similar item, in response to changes in market conditions or personal preferences.
Convex Preferences
In microeconomics, a condition where consumers prefer a mix of goods over having only one good, illustrated by a convex shape of their indifference curves.
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