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Utility function |
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Utility functionA function that specifies the utility (well being) of a consumer for all combinations goods consumed (and sometimes other considerations). Represents both their welfare and their preferences.Utility functionA mathematical expression that assigns a value to all possible choices. In portfolio theory, the utility function expresses the preferences of economic entities with respect to perceived risk and expected return.Utility function Similar MatchesSupply functionSupply functionThe mathematical function explaining the quantity supplied in terms of its various determinants, including price; thus the algebraic representation of the supply curve. SMAC functionSMAC functionAn acronym for the CES function based on the names of the four authors who introduced it in Arrow et al. (1961). Production functionProduction functionA function that specifies the output in an industry for all combinations of inputs. Essential purpose (or function) bondEssential purpose (or function) bondSee: Public purpose bond 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. Further SuggestionsTeams FunctionalReaction function Functional distribution of income Multifunctionality Cobb-Douglas function Social welfare function Probability function Teams Cross Functional Conservative Social Welfare Function Cost function Neoclassical production function Constant elasticity of substitution function Probability density function CES Function Dixit-Stiglitz function Translog function Bergsonian social welfare function Demand function |
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