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What is quadrature amplitude modulation (QAM) and how does it work?
QAM is a modulation method that changes both the phase and height of a wave, in order to encode more than one bit per signal change (baud).
Marginal Utility
A concept in economics that represents the additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.
Budget Allocation
The process of distributing available financial resources among different departments, projects, or sectors within an organization or government.
Utility Maximized
The point at which a consumer achieves the highest level of satisfaction possible, given their budget constraints and the prices of goods and services.
Price of Goods
The amount of money required to purchase a particular good or service in a market.
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