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Find an equation of the tangent line to the curve at the point .
Budget Constraint
A budget constraint outlines the mix of goods and services a consumer is able to buy, based on their income and the prices of those goods and services.
Budget Constraint
A budget constraint represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.
Marginal Utility
The incremental enjoyment or value obtained from consuming an extra unit of a good or service.
Income-Consumption Curve
A graph that shows how a consumer's optimal bundle of goods changes as their income changes, all else being constant.
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