Examlex
Suppose this table shows your demand schedule for tee shirts. (a) What is your total utility from three tee shirts? (b) What is your marginal utility from the third tee shirt? (c) If price were $2, how much would your consumer surplus be?
Inequality
A mathematical statement that shows the relationship between two expressions that are not equal, using symbols such as <, >, ≤, or ≥.
Real Line
The real line refers to a one-dimensional space where every point represents a real number, stretching infinitely in both positive and negative directions.
Inequality
A mathematical statement that compares two values, showing that one is greater than, less than, or not equal to the other.
Real Number Line
The real number line is a visual representation of all real numbers in a linear arrangement where each point corresponds to a unique real number.
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