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Heuristics are relevant when we try to answer a reasoning problem because
Apples
A type of fruit that is grown worldwide and comes in various colors and flavors.
Bananas
A curved, yellow fruit rich in potassium and dietary fiber, commonly consumed worldwide.
Utility Function
A mathematical representation of a consumer's preference structure for ranking different bundles of goods based on the satisfaction they provide.
Income Offer Curve
A graphical representation depicting how an individual's optimal bundle of goods changes as their income changes, keeping prices constant.
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