Examlex
To save the changes to the layout of a table,tap or click the Save button on the ____.
Competitive Equilibrium Price
The market price at which the quantity of an item supplied is equal to the quantity demanded, within a competitive marketplace.
Endowed
Provided with a quality, ability, or asset; in economics, it often refers to the resources or goods that an individual or institution possesses.
Pareto Optimal Allocation
An economic allocation where it is impossible to make any one individual better off without making at least one individual worse off.
Utility Function
A mathematical representation that assigns a level of utility or satisfaction to various combinations of goods and services consumed by an individual or society.
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