Utility Maximization

Compensated Demand
Analysis of compensated demand in the context of consumer behavior and utility maximization.
Neoclassical Economics
An analysis of economic activity based on rational preferences, utility maximization by consumers, profit maximization by firms, and decision-making under constraints.
Offer Curve
The locus of trading plans traced out as relative prices vary, reflecting optimal consumption or trade plans.
Utility Maximization
Detailed exploration of the concept of utility maximization in economics, including its historical context, definitions, and major analytical frameworks.