Examlex
Perform the following binary subtractions.
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Pareto Optimal Allocation
An allocation of resources from which it is impossible to reallocate so as to make any one individual better off without making at least one individual worse off.
Utility Function
A mathematical model in economics that represents an individual's preference system, used to rank choices in order of preference.
Apples
In economic terms, apples can serve as an example of a consumer good, whose supply and demand can be analyzed to understand market dynamics.
Bromides
Compounds containing the bromide ion or compounds that act as a sedative; colloquially used to refer to common sayings or platitudes that lack originality.
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