Foundations of Economic Analysis |
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Page 190
... marginal utility of income to show rigorously the empirical implications of this hypothesis . We have already encountered the marginal utility of income in chapter v in the form of the -λ of equation ( 31 ) . It is clear from the ...
... marginal utility of income to show rigorously the empirical implications of this hypothesis . We have already encountered the marginal utility of income in chapter v in the form of the -λ of equation ( 31 ) . It is clear from the ...
Page 191
... marginal utility of a particular commodity chosen as numeraire , taken with respect to changes in the amount of that ... marginal utility of income cannot be constant with respect to everything . It is a function of all prices and income ...
... marginal utility of a particular commodity chosen as numeraire , taken with respect to changes in the amount of that ... marginal utility of income cannot be constant with respect to everything . It is a function of all prices and income ...
Page 192
... marginal utility of in- come with respect to n prices , but not with respect to income . Elsewhere I have argued that this is the pure Marshallian case . The other alternatives involve the constancy of marginal utility of income with ...
... marginal utility of in- come with respect to n prices , but not with respect to income . Elsewhere I have argued that this is the pure Marshallian case . The other alternatives involve the constancy of marginal utility of income with ...
Contents
INTRODUCTION | 3 |
Illustrative Tax Problem | 14 |
THE Theory of Maximizing BEHAVIOR | 21 |
Copyright | |
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a₁ algebraic amount analysis arbitrary assumed assumption behavior chapter coefficients commodity comparative statics competition conditions of equilibrium constant consumer consumer's defined demand curve demand functions determined difference equations differential equations discussion dynamic economic theory economists equal equi expression extremum fact factors of production finite firm formal G. D. Birkhoff given Hicks implies independent index numbers indifference curves individual initial conditions interest involved isoquant J. R. Hicks librium linear marginal cost marginal utility matrix maximize maximum minimum motion negative definite numeraire optimal optimum output parameter partial derivatives perfect competition polynomial positive possible preference field principal minors problem production function quadratic form quantity rationing relations respect result roots solution stability theorem tion transformation unique utility index utility of income values vanish variables welfare economics written zero Σ Σ дх