Examlex
Determine i) the domain of the function, ii) the range of the function, iii) the domain of the inverse, and iv) the range of
the inverse.
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Cardinal Utility Function
Utility function describing by how much one market basket is preferred to another.
Ordinal Utility Function
Utility function that generates a ranking of market baskets in order of most to least preferred.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.
Slope
The rate at which a line or curve inclines or declines, indicating the steepness.
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