Examlex
What is the name of CH3-O-CH2CH3?
Utility Possibilities Frontier
A graph that shows the maximum amount of utility that can be achieved by different individuals or groups from a fixed set of resources.
Production Possibilities
A curve or frontier that illustrates the maximum feasible amounts of two commodities that can be produced with available resources and technology.
Competitive Equilibrium
A state in a market where supply equals demand, and no economic agent has the incentive to change their behavior, leading to an efficient allocation of resources.
Consumption Bundles
A combination of various goods and services that an individual consumes to derive satisfaction or utility.
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