Examlex
Which of the following are benefits of moderate exercise?
I.Reduced stress,anxiety and depression
II.Reduced weight
III.Decreased bone density
IV.Improved sleep quality
Utility Function
A mathematical representation of how consumer preferences over a set of goods and services are ranked.
Horizontal Axis
In a graphical representation, the x-axis, which typically shows the independent variable or the quantity of goods.
Vertical Axis
in a graph or chart, the y-axis which typically represents the range of values or dependent variables.
Perfect Substitute
Goods that can be completely replaced by another with no loss of utility to the consumer, such as different brands of sugar.
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