Marshallian Demand Function

$B(p,\; w)\; =\; \backslash \{x\; :\; p\; \backslash cdot\; x\; \backslash leq\; w\backslash \}$.

$u\; :\; \backslash textbf\; R^L\_+\; \backslash rightarrow\; \backslash textbf\; R$.

$x(p,\; w)\; =\; argmax\_\{x^*\; \backslash in\; B(p,\; w)\}\; u(x^*)$.

Example

$x(p,\; w)\; =\; \backslash left(\backslash frac\{w\}\{2p\_1\},\; \backslash frac\{w\}\{2p\_2\}\backslash right).$

See also

• Hicksian demand function
• Utility maximization problem

References

<< Previous Word Browser Next >>
creston kago richard john cartwright field of sets rogue planet kakemono james lorimer ilsley fulton chain lakes arrowhead, california hanging scroll grand theft auto advance	sydney institute of technology american labor party megan ireland beam riding kamidana tom london vito marcantonio lise thibault bess flowers minor characters from aqua teen hunger force astrology and alchemy	evangelical lutheran church in tanzania leo cristophe joseph m. acaba sopwith 1 strutter wal mart neighborhood market cathedral of magdeburg victor gbeho guajira meta favorite blue george odlum	bouenza aco cuvette region cuvette ouest likouala space race (disambiguation) niari plateaux jan kavan aulus didius gallus fabricius veiento pool region