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A communications satellite is a big microwave repeater in the sky; it contains one or more transponders that listen to a particular portion of the electromagnetic spectrum, amplifying incoming signals, and retransmitting them back to Earth.
Income
The total money received by an individual or household from various sources like wages, investments, and benefits, over a specified period, often used to fund expenditures.
Price
The price one must pay to obtain a good, service, or asset.
Claret
A term often used in Britain to refer to red Bordeaux wine.
Utility Function
A representation of how individual preferences are ranked for different bundles of goods.
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