Expenditure Function

$e(p,\; u^*)\; :\; \backslash textbf\; R^L\_+\; \backslash times\; \backslash textbf\; R$

  \rightarrow \textbf R  

$e(p,\; u^*)\; =\; \backslash min\_\{x\; \backslash in\; \backslash geq(u^*)\}\; p\; \backslash cdot\; x$

$\backslash geq(u^*)\; =\; \backslash \{x\; \backslash in\; \backslash textbf\; R^L\_+\; :\; u(x)\; \backslash geq\; u^*\backslash \}$

See also

• Expenditure Minimization Problem
• Hicksian Demand function
• Utility Maximization Problem

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