Examlex
If you can produce more of something than others with the same resources,you have
Budget Constraint
A concept in consumer theory that represents all the combinations of goods and services that a consumer can afford with a fixed budget at prevailing prices.
Horizontal Axis
A reference line on a graph or chart running left to right, typically used to represent the independent variable or scale of time.
Vertical Axis
A method used in graphing to represent the dependent variable or measure outcomes across a range of values.
Optimum
Optimum refers to the most favorable condition or level for growth, reproduction, or efficiency.
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