Utility maximization problem: Difference between revisions

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References: rm EL, misrepresents standard consumer theory
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Added reference to the more general class of optimal decision problems
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In [[microeconomics]], the '''utility maximization problem''' is the problem [[consumers]] face: "how should I spend my [[money]] in order to maximize my [[utility]]?" It is a type of [[Optimal_decision|optimal decision problem]].
 
==Basic setup==
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==See also==
*[[Optimal decision]]
*[[Choice Modelling]]
*[[Utility function]]