Two Properties of Expenditure functions Proof that e(p, u) is a concave function of p. Proof: We want to show that for any u and any two price vectors p and p0 , and for any λ between 0 and 1, λe(p, u) (1 − λ)e(p0 - Proof theory - Document - PDFSEARCH.IO

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	Two Properties of Expenditure functions Proof that e(p, u) is a concave function of p. Proof: We want to show that for any u and any two price vectors p and p0 , and for any λ between 0 and 1, λe(p, u) + (1 − λ)e(p0 Add to Reading List Document Date: 2011-10-18 17:00:43 Open Document File Size: 43,36 KB Share Result on Facebook SocialTag Quantum mechanics Ordinary differential equations Spectral theory Representation theory of Lie groups Operator theory Physics Mathematical analysis

Two Properties of Expenditure functions Proof that e(p, u) is a concave function of p. Proof: We want to show that for any u and any two price vectors p and p0 , and for any λ between 0 and 1, λe(p, u) + (1 − λ)e(p0Add to Reading List