Expenditure function

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 $u$ that describes preferences over n commodities, the expenditure function

单词	Expenditure function
释义	Expenditure function 英语百科 Expenditure function 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 $u$ that describes preferences over n commodities, the expenditure function
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