Examlex
Explain how a cell can use catabolic reactions to drive anabolic reactions, despite energy loss in the form of entropy and heat.
Pareto Efficient
A condition where resources are distributed in such a manner that improving the situation of one person necessitates the detriment of another.
Initial Endowment
Refers to the initial amount of money, assets, or resources that an individual, firm, or country possesses before entering into any trading or production activities.
Pareto Optimal
An arrangement of resource distribution that prevents the improvement of one individual's condition without adversely affecting another individual.
Utility Function
A utility function is an economic concept that models an individual's preference ordering over a set of goods or outcomes, representing satisfaction or happiness.
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