Examlex
Rewrite without rational exponents, and simplify, if possible.
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Total Income
The aggregate amount of income received by an individual or household from all sources before taxes or deductions.
Utility Function
A mathematical representation of how a consumer derives satisfaction or utility from consuming various amounts of goods or services.
Demand Function
A mathematical relationship that illustrates the quantity of a product or service consumers are willing to buy at various prices.
Income
The compensation received, often periodically, as a result of one’s employment or investment decisions.
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