Examlex
When Eliot Liebow began his research on lower-class black men who hang out on street corners,he was grateful when a man named Tally introduced him to friends and guided Liebow in developing relationships that would benefit the study.In these actions,Tally served as a
Ordinal Utility Function
Utility function that generates a ranking of market baskets in order of most to least preferred.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget and prices.
Slope
The rate at which a line or curve inclines or declines, indicating the steepness.
Preferences
The subjective tastes and desires that guide consumers in making their choice among various goods and services.
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