Examlex
Which of the following means doing the right things?
Utility Function
A mathematical representation used in economics to model preferences and satisfaction obtained from consuming goods and services.
Berries
Small, pulpy, and often edible fruits, typically round, brightly colored, sweet or sour, and do not have a stone or pit, although many seeds may be present.
Nuts
Edible seeds of certain plants, enclosed in a hard shell, and often consumed as a nutrient-rich food.
Utility Function
Represents the satisfaction or welfare an individual obtains from consuming goods and services, indicating preferences over various bundles of goods.
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