Examlex
What best describes a wooden toy factory?
Vertical Axis
in a graph or chart, the y-axis which typically represents the range of values or dependent variables.
Perfect Substitute
Goods that can be completely replaced by another with no loss of utility to the consumer, such as different brands of sugar.
Units Of Good
The individual items or quantities of a product that can be quantified, counted, and often sold individually.
Utility Function
A mathematical representation of a consumer's preference system, ranking different bundles of goods and services by their levels of satisfaction.
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