Describe Third Normal Form

question 65

Short Answer

Describe third normal form.

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Definitions:

Monthly Income

The total amount of money received by an individual or household within a month from all sources.

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a sliced bun.

Price

The price expected, obligatory, or delivered in payment for a particular thing.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.