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While science cannot describe "thinking" in physical terms, we are certain that the process involves metabolism inside brain cells. With positron emission tomography (PET scan) , it is possible to inject short-lived isotopes and image the regions of the brain that have the most active metabolism during various mental activities. However
Indifference Curves
A graph that represents combinations of goods among which a consumer is indifferent, showing different levels of utility.
L-shaped
Often used to describe demand or recovery curves that have a rapid decline followed by a period of stagnation.
Utility Function
A mathematical representation of how consumers rank different bundles of goods according to their levels of satisfaction.
Bliss Point
The optimal quantity of consumption where any further increase or decrease would lead to a less preferable situation for the consumer.
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