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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 that describes preferences over ''n '' commodities, the expenditure function : says what amount of money is needed to achieve a utility if the ''n'' prices are given by the price vector . This function is defined by : where : is the set of all bundles that give utility at least as good as . Expressed equivalently, the individual minimizes expenditure subject to the minimal utility constraint that giving optimal quantities to consume of the various goods as as functions of and the prices; then the expenditure function is : == See also == * Expenditure minimization problem * Hicksian demand function * Slutsky equation * Utility maximization problem 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「expenditure function」の詳細全文を読む スポンサード リンク
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