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...ipping]] destination, and the costs associated with [[tariffs]] or [[duty (economics)| duties]]. ...

...tute good]]s and [[independent goods]], and only rules out [[complementary goods]]. See [[Gross substitutes (indivisible items)]]. ...tutability of point-to-set correspondences|journal=Journal of Mathematical Economics|volume=11|issue=2|pages=117|year=1983|last1=Polterovich|first1=V.M.|last2=S ...

...s of several typical [[utility function]]s of divisible [[good (economics)|goods]]. These functions are commonly used as examples in [[consumer theory]]. ...</math>. Such functions only become interesting when there are two or more goods (with a single good, all monotonically increasing functions are ordinally e ...

...s''', named for [[Hermann Heinrich Gossen]] (1810–1858), are three laws of economics: ...acquisition) is equal across all [[Good (economics)|goods]] and [[Service (economics)|services]]. ...

...f the [[marginal utility]] of each [[Good (economics)|good]] or [[Service (economics)|service]] to its price (the marginal expenditure necessary for its acquisi ...er off'' instead buying more of that other good or service. Assuming that goods and services are continuously divisible, the only way that it is possible t ...

...or [[Ronald Findlay]], is a model in [[Development economics|developmental economics]] that explains the growth of a less developed "[[Global South|South]]" or ...es [[primary sector of the economy|primary goods]]. These are the only two goods. ...

In [[economics]], '''additive utility''' is a [[cardinal utility]] function with the [[sig An additive utility function is characteristic of [[independent goods]]. For example, an apple and a hat are considered independent: the utility ...

...'', which is the price of the goods multiplied by the quantity of the sold goods. ...y competitive]] firm faces a demand curve that is infinitely [[elasticity (economics)|elastic]]. That is, there is exactly one price that it can sell at – the m ...

In [[economics]], a '''unit demand''' agent is an agent who wants to buy a single item, wh It is characteristic of items that are pure [[substitute goods]]. ...

...mer with such preferences prefers to have an average of any two bundles of goods as opposed to extremes. ...the restriction that σ > 1 ensures that preferences will be [[Convexity in economics|convex]] and thus [[Monotone preferences|monotonic]] for over any optimisin ...

In [[economics]], especially in [[consumer theory]], a '''Leontief utility function''' is * <math>m</math> is the number of different [[good (economics)|goods]] in the economy. ...

{{short description|Function linear in one argument, used in economics and consumer theory}} In [[economics]] and [[consumer theory]], '''quasilinear [[utility]]''' functions are line ...

In [[economics]] and [[consumer theory]], a '''linear utility function''' is a function of * <math>m</math> is the number of different [[good (economics)|goods]] in the economy. ...

{{About|the Rosser's equation in economics|the similarly-named equation in physics|Rosser's equation (physics)}} In [[economics]], '''Rosser's equation''' (named after [[J. Barkley Rosser, Jr.]]) calcula ...

{{Short description|Concept in economics}} ...period, <math>K_{t+1}</math>, is <math>K_t + I_t - D_t</math>. The [[net (economics)|net]] increment to the capital stock is the difference between gross inves ...

...asticity function''', is a function that exhibits a constant [[elasticity (economics)|elasticity]], i.e. has a constant [[Elasticity Coefficient|elasticity coef ...and ''D''(''p'') is the resulting quantity demanded by consumers. For most goods the elasticity ''r'' (the responsiveness of quantity demanded to price) is ...

...itle = Exchange Rate Pass-Through into Import Prices | journal = Review of Economics and Statistics | volume=87 | issue=4| pages = 679–690| s2cid= 57558745 }} ( ...rst2= R. |year=2008 |title = Sticky Borders |journal= Quarterly Journal of Economics | volume=123 |issue = 2| pages= 531–575}}</ref> is ...

...(resulting in ratio below 1.0) or amplify them (ratio above 1.0).{{sfn|RBB Economics|2014|p=1}} ...[Competition (economics)|competition]] or evaluating [[merger]]s.{{sfn|RBB Economics|2014|p=9}} In the studies of [[inflation]], an opposite direction '''pass-t ...

{{Short description|Monetary economics equation}} ...attempt to express a relationship among the [[Output (economics)|amount of goods produced]], the [[price level]], amounts of money, and how money moves. The ...

...s it is faced with, such as the [[wage rate]], the unit cost of [[Capital (economics)|capital]], the market-determined selling price of its output, etc. The fun If the firm is a perfect competitor in the goods market but is a [[monopsonist]] in the labor market — meaning that it is th ...