Examlex
Determine whether the graph of the equation is a circle or an ellipse.
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Endowed
Refers to the initial allocation of goods, resources, or wealth an individual or entity possesses.
Units
Measurements used to quantify physical quantities, such as kilograms for mass or meters for length.
Utility Function
A formula that ranks various outcomes by their level of satisfaction or utility to a consumer.
Numeraire Good
A commodity selected as a standard of value and used as the unit of account in economic models, facilitating comparisons between different goods or services.
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