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A union recognition clause:
Budget Line
A graphical representation of all possible combinations of two goods that a consumer can afford given their income and the prices of the goods.
Satisfaction
The state of feeling pleased or content with something.
Indifference Curve
A graphical representation showing combinations of goods or services that provide the same level of utility or satisfaction to a consumer.
Budget Lines
A graphical representation of all possible combinations of two goods that can be purchased with a fixed income.
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