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Results tagged with consumer-theory
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user 24422
the study of consumer choice and its fundamental underpinnings in preferences and constraints.
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Identifying utility function
I recently came across a utility function with min written at the start. I assumed that it was a case of a leontief utility function, and only after going ahead with the problem I found out that it is …
- 15
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Finding demand functions for an unusual utility function
I have a utility function: $U = x + \min\{x,y\}$
I want to draw the indifference curve and find the demand functions. Will it be the case of the usual perfect complements?
Also, what preferences co …
- 15