Utility maximization problem: Difference between revisions

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is the consumer's utility function, then the consumer's optimal choices ''x''(''p'', ''w'') are
 
:<math>x(p, w) = argmax_\arg \max_{x^* \in B(p, w)} u(x^*)</math>.
 
Finding ''x''(''p'', ''w'') is the '''utility maximization problem'''.