On a Consumer Problem
Pure and Applied Mathematics Journal
Volume 5, Issue 6, December 2016, Pages: 205-210
Received: Feb. 10, 2015; Accepted: Oct. 20, 2016; Published: Nov. 15, 2016
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Author
Sabir Isa Hamidov, Mathematical-Cybernetics Department, Baku State University, Baku, Azerbaijan
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Abstract
The model of economic dynamics of the Leontief type is considered. The problem of determining the equilibrium state of the model with a fixed budget is investigated. It is proved that the state of equilibrium exists, if the trajectory model is a solution to the consumer problem.
Keywords
Production Mapping, Utility Function, Equilibrium
To cite this article
Sabir Isa Hamidov, On a Consumer Problem, Pure and Applied Mathematics Journal. Vol. 5, No. 6, 2016, pp. 205-210. doi: 10.11648/j.pamj.20160506.15
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