Examlex
Levels of sleep identified by brain-wave patterns and behavioral changes are referred to as
Indifference Curve
A graph representing different bundles of goods between which a consumer is indifferent, showing combinations that yield equal satisfaction or utility.
Apples And Bananas
A phrase indicating comparison or choice between two different items, often used to illustrate the concept of preference or trade-off in economics.
Utility Function
a mathematical representation in economics of a consumer's preference ranking over a set of goods or services.
Indifference Curve
A graphical representation showing combinations of goods or services among which a consumer is indifferent, signifying equal levels of utility.
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