Examlex
Which of the following are possible categorizations of data type?
Utility Function
A mathematical expression that represents how different combinations of goods or services create levels of happiness or satisfaction for an individual or entity.
Marginal Rate of Substitution
The rate at which a consumer is able to sacrifice a certain amount of one product for another while keeping their level of satisfaction unchanged.
Good X
A term used to represent an unspecified product or commodity in economic models and analyses.
Good Y
Refers to a hypothetical product or commodity used in economic models and theories to analyze market behaviors and consumer preferences.
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