Numeraire is by definition some unit of measure by which we measure all other units. In your case, let us say that we would decide to use x as a numeraire.
When economic analysis refers to a particular good as the numéraire, one says that all other prices are normalized by the price of that good. For example, if a ...
Numeraire is an economic term that represents a unit in which prices are measured. A numeraire is usually applied to a single good, which becomes the base value ...
The choice of money as numéraire is systemetically favourable to those who value money the least, relative to alternative numéraires. Previous article in issue
The document discusses the concept of a numeraire good in a two-commodity framework, where one commodity's price is fixed to express the budget line in ...