Examlex
Which of the clusters in this figure are open clusters?
Budget Constraint
Describes the combinations of goods and services that a consumer can purchase given their income and the prices of the goods.
Income
Earnings received by an individual or entity, typically in the form of wages, salaries, or investment returns, over a specified period.
Apples
Edible fruits from the apple tree, used in various cuisines and known for their health benefits.
Utility Function
A mathematical representation in economics that describes how different goods or bundles of goods satisfy a consumer's needs and preferences.
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