most-preferred consumption bundle
1Fundamental theorems of welfare economics — There are two fundamental theorems of welfare economics. The first states that any competitive equilibrium or Walrasian equilibrium leads to an efficient allocation of resources. The second states the converse, that any efficient allocation can… …
2Life Sciences — ▪ 2009 Introduction Zoology In 2008 several zoological studies provided new insights into how species life history traits (such as the timing of reproduction or the length of life of adult individuals) are derived in part as responses to… …
3Maximal element — In mathematics, especially in order theory, a maximal element of a subset S of some partially ordered set is an element of S that is not smaller than any other element in S. The term minimal element is defined dually. The notion of a maximal is… …
4Character mask — Part of a series on Marxism …
5Headset (telephone/computer) — A headset is a headphone combined with a microphone. Used in call centers and by people in telephone intensive jobs, headsets provide the equivalent functionality of a telephone handset with hands free operation. Many people use headsets at the… …
6Indirect utility function — In economics, a consumer s indirect utility functionv(p, w) gives the consumer s maximal utility when faced with a price level p and an amount of income w. It represents the consumer s preferences over market conditions.This function is called… …
7Maring Naga — The Maring are one of the small tribal groups of Manipur State in North East India. Their name is derived from mei meaning fire and ring meaning to start or produce. A mainly Christian people, they inhabit the hilly villages of the Tengnoupal… …
8utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …
9Indifference curve — In microeconomic theory, an indifference curve is a graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent. That is, at each point on the curve, the consumer has no preference for one… …
10Consumer choice — Economics …
