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Bananas
A common type of fruit that is elongated and curved, with soft flesh rich in starch covered by a rind, which may be green, yellow, or brown when ripe.
Utility Function
A mathematical representation of how a collection of goods and services maps onto a level of utility or satisfaction for an individual or household.
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another good while keeping their level of satisfaction unchanged.
Good X
A generic term for an economic good or commodity that can be used to satisfy wants or needs.
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