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-The figure above shows the structures of glucose and fructose. These two molecules differ in the
Competitive Equilibrium Price Ratio
The ratio of prices that ensures the equality of supply and demand in a competitive market, often used to observe relative price changes between commodities.
Utility Function
A mathematical representation expressing an individual's preference ordering over a set of goods or services, used in economics to model decision making under uncertainty.
Min
Often short for "minimum," it represents the smallest or least possible amount or degree of a certain quantity or measure.
Numeraire Good
A benchmark or standard commodity against which the relative price of all other goods and services is measured in an economy.
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