Theoretical Tools of Public Finance

of 9
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
  Theoretical Tools of Public Finance  Questions to keep in mind ã How do individuals choose how much to consume or how hard to work? ã How do firms choose how much to produce? ã What is the theoretical effect of raising cash welfare benefits on economic efficiency?  ã Theoretical tools are the set of tools designed to understand the mechanics behind economic decision making. ã Empirical tools are the set of tools designed to analyze data and answer questions raised by theoretical analysis.  Constrained Utility Maximization ã Utility Function is a mathematical function-representing an individual’s set of preferences, which translates ger well -being from different consumption bundles into units that can be compared in order to determine choice. ã Constrained utility maximization is the process of maximizing the well-being (utility) of an individual, subject to her resources (budget constraint). ã Models is mathematical or graphical representations of reality.
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks

We need your sign to support Project to invent "SMART AND CONTROLLABLE REFLECTIVE BALLOONS" to cover the Sun and Save Our Earth.

More details...

Sign Now!

We are very appreciated for your Prompt Action!