Examlex
Choose the packing that results from the use of the worst-fit decreasing (WFD) bin-packing algorithm to pack the following weights into bins that can hold no more than 9 lbs.
Club Good
A type of good that is excludable and non-rivalrous, meaning access can be controlled and one person's use does not substantially reduce availability to others.
Elephant Population
The elephant population refers to the total number of elephants living in the wild or in captivity, often discussed in terms of species conservation and habitat protection issues.
Tragedy of the Commons
An economic problem in which every individual tries to reap the greatest benefit from a given resource, leading to overuse and depletion of the resource to the detriment of all.
Externalities
Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.
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