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Describe the process of data validation.
Indifference Curve
A graph showing different combinations of two goods between which a consumer is indifferent.
Total Utility
The total satisfaction received from consuming a particular amount of goods or services.
Indifference Curve
A graph that shows combinations of two goods that give a consumer equal satisfaction and utility.
Utility Levels
Quantitative measures of the satisfaction or happiness that individuals derive from consuming goods and services.
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