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Indifference Curve
An indifference curve represents a graph showing different bundles of goods between which a consumer is indifferent, meaning they derive the same level of utility from each.
Midterm Grade
An evaluative score or assessment typically given to students halfway through a term to indicate their academic performance up to that point.
Horizontal Axis
In a graph or chart, the x-axis, which typically represents the independent variable or the base for measurement of distances or intervals.
Indifference Curve
A graphical representation in microeconomic theory of the combinations of two goods among which a consumer is indifferent.
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