Examlex
A _____ consists of horizontal bars,connected with arrows that indicate task dependencies.
Pareto Optimal
A state of allocation of resources from which it is impossible to make any individual better off without making at least one individual worse off.
Utility Function
An economic model that describes how consumers rank different bundles of goods based on the levels of happiness or satisfaction they provide.
Initial Endowment
The initial set of assets, financial resources, or goods that an individual, institution, or economy possesses.
Utility Function
A mathematical representation that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.
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