Examlex
If you study 3 hours for an exam, you can raise your score by 30 points. If you study for another 3 hours your score increases by 10 points. And if you study for another 3 hours, your score will increase by 5 more points. A graph displaying this relationship between the number of hours studied and your total exam score would show
Positive Slope
indicates a situation where an increase in one variable leads to an increase in another, commonly represented in graphs.
Reflexive Preferences
A concept in economics indicating that individuals prefer goods or scenarios that reflect their own preferences or identities.
Indifference Curves
Indifference curves are graphical representations in microeconomics, showing combinations of two goods between which a consumer is indifferent, reflecting preferences.
Formula
A mathematical expression that calculates or describes a relationship among different variables.
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