Examlex
_______ found that normal people in normal times will often follow orders to hurt innocent people.
Favorite Bundle
The combination of goods or services that maximizes an individual's utility given their budget constraints.
Convex Preferences
A consumer preference pattern indicating a desire for mixed bundles of goods over extreme bundles, illustrating a preference for diversification.
Commodity Bundle
A specific collection of goods or services that is considered as a single unit for analytical purposes in microeconomics.
Convex Preferences
A characteristic of consumers' preferences indicating that they prefer mixes or combinations of goods over extreme amounts of either one, depicted by a convex shape in utility analysis.
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