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Ambrosia
In Greek mythology, ambrosia is considered the food or drink of the gods, often depicted as conferring longevity or immortality upon whoever consumed it.
Fixed Coefficients
A term used in production and economics to describe technologies where inputs are used in strict fixed proportions to produce an output.
Production Possibility Set
A graph or curve depicting all maximum output possibilities for two or more goods, given a set of inputs.
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another, while keeping the overall satisfaction or utility constant.
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