Examlex
determine whether each of the following sets is countable or uncountable. For those that are countably infinite exhibit a one-to-one correspondence between the set of positive integers and that set.
-The set of positive rational numbers that can be written with denominators less than 3.
Utility Function
A symbolic depiction illustrating the ranking of preferences a consumer holds across various goods or outcomes.
Edgeworth Box
A diagram used in economics to show the distribution of resources and the potential gains from trade between two individuals in a pure exchange economy.
Contract Curve
The contract curve represents a set of efficient allocations in the Edgeworth Box, where no participant could be made better off without making another participant worse off.
Pareto Optimal
A condition or situation in which it is impossible to make one party better off without making another party worse off, reflecting an optimal distribution of resources.
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