Examlex
The question "Can computers think?" is a question about ____.
Utility Function
A mathematical representation of a consumer's preference ranking over bundles of goods, showing the level of satisfaction or utility derived.
Commodity
A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.
Income
Earnings garnered from employment or investing, often received periodically.
Budget Constraint
A line representing the combination of goods and services that a consumer can purchase with a given income.
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