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(A)Give the definition for Dichotomy Corollary,in your own words.(B)Using a real-life example of a person you know,explain how all constructs are bipolar or dichotomous.
Units of X
A quantitative measure used to express the amount of a variable or entity X.
Price of X
Refers to the current market price of a specific good, service, or commodity.
Utility Function
A mathematical representation that ranks an individual's preferences over a set of goods or services, showing their relative satisfactions or levels of utility.
Bliss Point
A term in psychology and economics indicating the optimal level of consumption where any further increase would lead to dissatisfaction.
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