Examlex
Graph the exponential function.
Concave
A shape or curve that is curved inward, resembling the interior of a circle or sphere, often used in the context of economic functions.
Tangency
A point at which two lines or curves meet without intersecting, often used in economics to find points of optimization, such as in budget constraints or indifference curves.
Budget Line
A visual diagram showing every potential mix of two products that can be bought given specific income levels and price points.
Income
The amount of money received over a period of time, typically considered for individuals, households, or entities.
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