Examlex
The Binomial Effect Size Display is a method for illustrating the size of
Pareto Optimal
The allocation of resources in a manner that doesn't allow for the enhancement of one person's condition without the deterioration of another's.
Public Good
A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Private Good
A product or service that is consumed by an individual and cannot be used simultaneously by another individual.
Marginal Rate of Substitution
The rate at which a consumer can substitute one good for another while maintaining the same level of utility or satisfaction.
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