Examlex
As the volume of a gas is allowed to double, its pressure is halved as long as the temperature is kept constant.
Interest Rate
The cost of borrowing money or the return on investment for savings, usually expressed as a percentage.
Utility Function
A mathematical representation of how different quantities of goods or services increase a consumer's satisfaction or happiness.
Risk Averse
A description of an individual or entity's preference to avoid risk, choosing certainty over potential higher rewards that come with greater risk.
Profitability
A financial metric indicating the extent to which a person or business generates more revenue than the costs incurred in producing its goods or services.
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