Examlex
A computer's multimedia card has audio-processing circuitry that transforms the bits stored in an audio file into music, sound effects, and narration.
Horizontal Axis
A reference line on a graph or chart running left to right, typically used to represent the independent variable or basis of comparison.
Vertical Axis
In a graph or chart, the vertical line that usually shows the scale of values for the variable measured.
Utility Function
A mathematical representation in economics that explains how individuals rank preferences or choices to maximize satisfaction.
Indifference Curves
Indifference curves represent combinations of goods between which a consumer is indifferent, showing the trade-offs in consumption that yield equal satisfaction.
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