See also concave function.
- Classic Economic Models
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A utility function of the form U(x0,x1,...,xn) = x0 + Siui(xi), where ui(×) are strictly concave functions. This is useful for generating demand functions for goods xi that depend only on their own prices in terms of the numeraire x0.
 See also: Economic model, Utility function, Microeconomics, Macroeconomics
  
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