Examlex
The slope of an indifference curve represents the maximum amount of one commodity that a consumer is willing to give up in exchange for one more unit of another commodity.
Original Offeror
The entity or individual who first makes an offer or proposal in a contract negotiation scenario.
Offer Terminates
The point at which a proposal or invitation to engage in a contract is revoked or becomes invalid.
Specified Time
A clearly defined or designated period within which something is supposed to happen or be completed.
Expressly Specify
To clearly and specifically state or define terms or conditions within an agreement or document.
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