CONVENIENT UTILITY FUNCTION OR PRODUCTION FUNCTION CAPABLE OF FREELY EXPRESSING ANY N LOWER GOODS IN NUMERICAL ANALYSIS USING OPTIMIZATION

摘要

PROBLEM TO BE SOLVED: To create a utility function or production function that can express lower goods in an easy-to-handle manner.;SOLUTION: A function form that was a utility function or production function u=u-cxa+y is expanded to u=u-c1x1a1+u-c2x2a2+...+u-cnxnan+u-dy, where each of c1, c2, ..., cn, and d is a constant larger than zero, and each of a1, a2, ..., an is a constant in a range of (0, 1]. Furthermore, y representing the amount of consumption of goods other than lower goods has an improved mathematical generality by newly adding u-d as a factor.;SELECTED DRAWING: None;COPYRIGHT: (C)2018,JPO&INPIT