News
The utility function can be used to derive the demand function, and both concepts relate to utility maximization.
To determine the consumer surplus using the demand equation, you'll first need to establish the equilibrium price – the price where consumer demand is fully satisfied and all goods are sold.
The equation for aggregate demand, Y = C (Y - T) + I (r) + G + NX (e), includes four components. The expression C (Y - T) represents consumption as a function of net income, where Y represents ...
Conventionally, the money demand function is estimated using a regression of the logarithm of money demand on either the interest rate or the logarithm of the interest rate. This equation is presumed ...
This article obtains demand functions for risky assets without making a priori assumptions about the form of the utility function. In a simple portfolio model, the envelope theorem is applied to the ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results