Examlex
Performing the task right and considering the relationship between inputs and outputs is
Optimum
The condition or outcome that is most favorable or efficient under the given circumstances.
Budget Constraint
The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Indifference Curves
Graphical representations in economics showing different combinations of goods that give a consumer equal satisfaction and utility.
Affordable
Describes something that is reasonably priced, or within one's financial means.
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