Examlex
select the best translation into predicate logic, using the following translation key:
h: Hume
l: Locke
Px: x is a philosopher
Rx: x is a rationalist
Ixy: x influenced y
Sxy: x is more skeptical than y
-Hume is not more skeptical than some philosophers.
Marginal Revenue Curve
A graphical representation that shows the change in total revenue for every unit increase in the quantity of output sold.
Demand Curve
A graphical representation showing the relation between the price of a good and the quantity demanded by consumers.
Profit Maximizing
is a strategy where a firm decides on the quantity of production and price to maximize its profit.
Elasticity Of Demand
A gauge of the extent to which demand for an item is affected by fluctuations in its price.
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