A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of rational choice theory, it helps economists analyze how consumers make decisions to ...
"Tools" lecture. Concepts will be used a lot in the course. Efficiency: An arrangement is efficient if and only if there exists no alternative in the feasible set -- that is, which can be obtained ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results