Examlex
How is vital capacity calculated?
Utility Function
A mathematical representation that associates levels of satisfaction or utility with consumption of goods and services.
Indifference Curves
Graphs representing different bundles of goods between which a consumer is indifferent, showing combinations that provide the same level of utility to the consumer.
Horizontal Axis
In a graph or chart, the x-axis running horizontally, typically used to represent the independent variable or the base of comparison.
Vertical Axis
In a graph, the vertical line, usually representing the dependent variable or the measure of outcome.
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