Examlex
The overall evaluation scores of a turbine blade as per ease of application,maximum speed attaining time,durability,reliability,and shelf-life in storage are 81,83,85,72,and 63 respectively.In a sales presentation,a salesperson should emphasize the durability of the turbine blade.
Indifference Curves
A graph representing different bundles of goods between which a consumer is indifferent, showing the trade-offs a consumer is willing to make between two goods.
Bowed Inward
Describing a curve, specifically in the context of an economics graph, that concaves towards the origin, indicating increasing returns or efficiency.
Upward Sloping
refers to a graph line that shows an increase in one variable as another variable increases, commonly seen in supply curves.
Budget Constraint
An economic model that represents all the combinations of goods and services a consumer can afford given their income and prices.
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