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词汇 Expenditure function
分类 英语词汇 英语翻译词典
释义

Expenditure function

英语百科

Expenditure function

In microeconomics, the expenditure function gives the minimum amount of money an individual needs to spend to achieve some level of utility, given a utility function and the prices of the available goods.

Formally, if there is a utility function u that describes preferences over n commodities, the expenditure function

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