Examlex
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Utility Function
a mathematical representation in economics of a consumer's preference ranking over a set of goods or services.
Indifference Curve
A graphical representation showing combinations of goods or services among which a consumer is indifferent, signifying equal levels of utility.
Slope
The measure of the steepness or incline of a line, defined mathematically as the ratio of the vertical change to the horizontal change between two points on the line.
Corn Chips
A food product made from cornmeal, served as a snack or accompaniment, and can be relevant in discussions on consumer goods, manufacturing, and agricultural economics.
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