Examlex
What phrase specifically means "let the decision stand"?
Indifference Curve
a graph showing different combinations of two goods that give a consumer equal satisfaction and utility.
Budget Constraint
The limitations on the consumption choices of an individual or household due to limited financial resources.
MUx/MUy
Represents the marginal utility of good x divided by the marginal utility of good y, often used in consumer choice theory to analyze optimal consumption points.
Indifference Curve Analysis
A graphical representation of consumer preferences showing combinations of goods or services among which they are indifferent, demonstrating varying levels of utility.
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