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(A)Give the Definition for Dichotomy Corollary,in Your Own Words

question 1

Essay

(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.


Definitions:

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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