Social and Cultural Dynamics ...: FLuctuation of social relationships, war, and revolutionAmerican Book Company, 1937 |
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Strana 6
... utility of each good consumed is equal to the product of its marginal cost and the marginal 1 utility of money . The application of this analysis to " free " goods is inappropriate because their explicit money price is zero and the ...
... utility of each good consumed is equal to the product of its marginal cost and the marginal 1 utility of money . The application of this analysis to " free " goods is inappropriate because their explicit money price is zero and the ...
Strana 8
... utility . In the remainder of this chapter a model of static utility maximization under certainty will be developed . This model will specify all of the important decision variables relevant to an individual's utility maximizing ...
... utility . In the remainder of this chapter a model of static utility maximization under certainty will be developed . This model will specify all of the important decision variables relevant to an individual's utility maximizing ...
Strana 20
... utility maximizing consumer equilibrium under certainty , including " free " goods ( zero priced market inputs used by individuals in the production of certain commodities ) , was developed . This model was constructed from the ...
... utility maximizing consumer equilibrium under certainty , including " free " goods ( zero priced market inputs used by individuals in the production of certain commodities ) , was developed . This model was constructed from the ...
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allocated C₁/M ceteris paribus Chapter client coefficient consuming vocational rehabilitation consumption of vocational cost demand for free Demand for Vocational Department of Education disability type discounted present value economic effective demand empirical results equilibrium consumptions expanded production possibility explanatory variables forecasts four regressions future periods human capital-enhancing income effect independent variables individual individual's production investment activities isoquant larger opportunity earnings marginal market inputs market period maximize his utility maximum w Michigan State University multiperiod investment opportunity cost opportunity wages parameter poor estimate predicted values present period production functions production possibility set production set rehabilitation regression results rehabilitation wage prediction Reifel service demanded services provided set G significant F statistics simultaneous equation substitution effect tion tional rehabilitation unit of service values ŵ vector voca VOCATIONAL REHABILITATION DATA vocational rehabilitation investment vocational rehabilitation program vocational rehabilitation regression vocational rehabilitation services wage prediction equation wage rate weekly earnings zero