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Demand function |
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Demand functionThe mathematical function explaining the quantity demanded in terms of its various determinants, including income and price; thus the algebraic representation of the demand curve.Similar MatchesEssential purpose (or function) bondEssential purpose (or function) bondSee: Public purpose bond CES FunctionCES FunctionA function with constant elasticity of substitution. CES is popular for both production and utility functions. Used extensively in New Trade Theory as the Dixit-Stiglitz utility function for differentiated products under monopolistic competition. With arguments X = (X1,...,Xn), the function is F(X) = A[SiaiXir]1/r, where ai, A are positive constants and s = 1/(1-r) is the elasticity of substitution. Due to Arrow et al. (1961). Production functionProduction functionA function that specifies the output in an industry for all combinations of inputs. Homogeneous functionHomogeneous functionA function with the property that multiplying all arguments by a constant changes the value of the function by a monotonic function of that constant: F(lV)=g(l)F(V), where F(·) is the homogeneous function, V is a vector of arguments, l>0 is any constant, and g(·) is some strictly increasing positive function. Special cases include homogeneous of degree X and linearly homogeneous. Teams FunctionalTeams FunctionalA group of five to eight people addressing an issue where any recommended changes would not be likely to affect people outside the specific area. For example, a Functional Team concerned with filing and retrieving data in the laboratory might consist just of people who work in the lab. Further SuggestionsCobb-Douglas functionReaction function Cost function Probability function Functional distribution of income Probability density function Utility function Conservative Social Welfare Function SMAC function Multifunctionality Supply function Teams Cross Functional Dixit-Stiglitz function Bergsonian social welfare function Utility function Constant elasticity of substitution function Neoclassical production function Social welfare function Translog function |
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