Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A [...] is of the form u = U(QA, QB, ... ,QN), where the variables are quantities consumed of goods A through N. We assume that no quantities are negative (some may be zero), and that holding all other quantities constant while increasing one always results in greater utility.
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A [...] is of the form u = U(QA, QB, ... ,QN), where the variables are quantities consumed of goods A through N. We assume that no quantities are negative (some may be zero), and that holding all other quantities constant while increasing one always results in greater utility.
utility function

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A [...] is of the form u = U(QA, QB, ... ,QN), where the variables are quantities consumed of goods A through N. We assume that no quantities are negative (some may be zero), and that holding all other quantities constant while increasing one always results in greater utility.
utility function
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A utility function is of the form utility = U(Q A , Q B , ... ,Q N ), where the variables are quantities consumed of goods A through N. We assume that no quantities are negative (some may be zero), and tha

#### Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p48

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