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searching for Marshallian demand function 3 found (18 total)

alternate case: marshallian demand function

Expenditure minimization problem (399 words) [view diff] exact match in snippet view article find links to article

cheapest package that gives the desired utility. It is related to Marshallian demand function by and expenditure function by h ( p , u ∗ ) = x ( p , e ( p

Leontief utilities (815 words) [view diff] exact match in snippet view article find links to article

t={\text{Income}}/(p_{1}w_{1}+\dots +p_{m}w_{m})} . Since the Marshallian demand function of every good is increasing in income, all goods are normal goods

Competitive equilibrium (3,841 words) [view diff] exact match in snippet view article find links to article

that, when the agents have strictly convex preferences, the Marshallian demand function is continuous. Hence, z {\displaystyle z} is also a continuous