Examlex
What is all of the DNA in a set of 23 chromosomes referred to as?
Indifference Curve
A graph showing different combinations of two goods that provide equal satisfaction and utility to a consumer.
Marginal Rates of Substitution
The speed at which a buyer is prepared to sacrifice one item for another while keeping their satisfaction constant.
Bads
Are items that people do not desire to have, opposite to goods, which have a negative impact on utility when consumed.
Indifference Curves
Graphical representations in microeconomics showing different bundles of goods between which a consumer is indifferent.
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