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The vertical profile of which of the following factors is the basis of the division of the Earth's atmosphere into layers?
Utility Function
A mathematical representation of how different quantities of goods or services are ranked according to their desirability for a consumer.
Initial Endowment
The initial distribution of income, wealth, or resources that individuals or organizations possess before entering into any market transactions.
Numeraire
A unit of account in which prices are expressed in an economic model, facilitating comparison and calculation.
Competitive Equilibrium Price
The price level at which the quantity supplied equals the quantity demanded in a competitive market, ensuring no excess supply or demand.
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