What is expenditure function microeconomics?
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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. is the set of all bundles that give utility at least as good as .
# I hope it will help you.
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. is the set of all bundles that give utility at least as good as .
# I hope it will help you.
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