Quote:
Originally Posted by Captain Picard
Now that i know your family economic background... Its no wonder. To a commoner like me living off my own earnings ane a bit of my parents' middle class earnings; going to such lengths for a lunch simply doesn't make any sense. As well, i can't in through all the places everyday since in economic terms i am a "expenditure minimizer" whereas you are classified as a "utility maximizer"
Posted via RS Mobile |
as you probably don't know, at optimal level, given that you two are the same agents, your expenditure minimization problem and his utility maximization problem yields the same demand function.
that is, even if Jeffield minimizes expenditure, his food demand function will still kick a normal human being's ass (assuming everyone is poorer than him "as we all know"), since his demand function for food is probably "undefined"
sorry for being a total nerd.
