THEORY OF THE CONSUMER II : MICRO-ECONOMICS THEORY III
In this lesson, the consumer is depicted as an agent who allocates his/her income in such a manner that maximum utility is derived by consuming goods and services. A consumer who seeks to maximize utility subject to a given budget also succeeds in minimizing expenditure subject to achieving highest possible utility
Geschreven voor
- Instelling
- Harvard University
- Vak
- ECONOMICS : MICRO-ECONOMICS THEORY III
Documentinformatie
- Geüpload op
- 17 augustus 2021
- Aantal pagina's
- 10
- Geschreven in
- 2021/2022
- Type
- College aantekeningen
- Docent(en)
- Professor ndii
- Bevat
- Alle colleges
Onderwerpen
-
theory of the consumer ii
-
four important identities
-
relationship between the compensated and the uncompensated demand functions
-
economics micro economics theory iii