Examlex
Research into auditory perception has shown that high frequency sounds cause the basilar membrane to become:
Competitive Equilibrium
A state in a competitive market where supply equals demand, and the market clears at a price where no participant has an incentive to change their behavior.
Total Value
The complete worth of a good, service, asset, or investment, often taking into account both tangible and intangible factors.
Utility Function
A mathematical representation that shows the relationship between the overall satisfaction or happiness a person derives from consuming different bundles of goods and services.
Pareto Optimal
An allocation scenario where it is impracticable to enhance the situation of any entity or preference measure without causing a decline for at least one other entity or benchmark.
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