Examlex
A professor spends 10 hours per day giving lectures and writing papers.For the professor,a graph that shows his various possible mixes of output (lectures given per day and papers written per day) is called his
Equilibrium
A state where market supply and demand balance each other, and as a result, prices become stable.
Opportunity Cost
The expense associated with sacrificing the second-best choice in the decision-making process.
Dentist
A healthcare professional specializing in the diagnosis, prevention, and treatment of diseases and conditions of the oral cavity.
Leisure
Free time available to an individual after commitments to work, school, or other necessary activities, often used for rest, recreation, or other personal activities.
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