Examlex
What is the correct way to write the numerical amount $5.62 as a written amount?
Utility Function
A mathematical representation of how a consumer ranks different bundles of goods based on the level of satisfaction (utility) they provide.
Consumption
The action of using up a resource or goods and services being used by consumers.
Saving
The portion of income not spent on current consumption but reserved for future use.
Total Income
The aggregate amount of income received by an individual or household from all sources before taxes or deductions.
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