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<strong>American College Testing (ACT, Inc.)</strong> – An independent not-for-profit organization that provides assessment, research, information, and program management services in the areas of educational testing and planning, career planning, and workforce development.
marginal rate of substitution (D1)<br />The amount of one good which a consumer receives as compensation for giving up one unit of another good. It is equal to the ratio of the MARGrNAL UTILITIES of two goods and is represented by the slope of an rND!FFERENCE CURVE.<br /><em>Reference</em><br />Hicks, J.R. (1939) Value and Capital, ch. 1, Oxford: Oxford University Press. marginal rate of transformation (D2) The reduction in the amount of output of good X as a consequence of an additional unit of a related good Y being produced; the slope of the PRODUCTION POSSIBILITY FRONTIER. This marginal rate is equal to the marginal cost of Y divided by the marginal cost of X.
gunslinger (G1)<br />A fund manager seeking high returns by investing in high-risk stocks.
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