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You are a paleoanthropologist uncovering fossils in East Africa.Using a certain technique,you discover that a humanlike fossil is in a stratum between a volcanic eruption dated at 2.9 million years and another volcanic eruption whose rocks give a date of 3.6 million years.The fossil is about midway between these layers so you assign a tentative date of 3.2 to 3.3 million years to your fossil.What technique are you using?
Utility
A measure of satisfaction or happiness that consumers derive from consuming goods and services.
Indifference Curves
Graphical representations used in microeconomics to show combinations of two goods that give an individual equal satisfaction and utility.
Budget Constraint
The limitations on the spending decisions of consumers based on their income and the prices of goods and services.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers.
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