Examlex
A four-month-old baby is participating in an experiment in which he is repeatedly shown the photograph of a man frowning.After repeated exposures to this photograph,he loses interest.If the baby is like other infants who respond in similar situations,when a new photograph showing a man smiling is presented,what will he do?
Vertical Axis
in a graph or chart, the y-axis which typically represents the range of values or dependent variables.
Perfect Substitute
Goods that can be completely replaced by another with no loss of utility to the consumer, such as different brands of sugar.
Units Of Good
The individual items or quantities of a product that can be quantified, counted, and often sold individually.
Utility Function
A mathematical representation of a consumer's preference system, ranking different bundles of goods and services by their levels of satisfaction.
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