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searching for Expenditure minimization problem 2 found (10 total)

alternate case: expenditure minimization problem

Local nonsatiation (728 words) [view diff] exact match in snippet view article find links to article

utility function are utility maximization problem (UMP) and expenditure minimization problem (EMP). The UMP considers a consumer who wants to gain the maximum

Envelope theorem (3,981 words) [view diff] exact match in snippet view article find links to article

j=1}^{L}} . (In consumer theory, the same argument applied to the expenditure minimization problem yields symmetry of the Slutsky matrix.) Suppose now that the