Examlex
What are two advantages and two disadvantages of open questions?
Budget Constraint
A representation of all the combinations of goods and services that a consumer can afford to buy at given prices within their income level.
Apples
A type of fruit that is cultivated worldwide and comes in various colors, including red, green, and yellow, known for its crisp texture and sweet to tart flavor.
Bananas
A common fruit known for its elongated shape and soft, starchy interior, often consumed as a snack or used in cooking.
Utility Function
A mathematical representation of how a consumer ranks different bundles of goods according to the levels of satisfaction they provide.
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