util_demand: Demand function

In UchidaMizuki/econgoods: Utility Functions and Composite Goods in Economics

Demand function

Description

This function works as Marshallian demand function when income is input, and as Hicksian demand function when utility is input.

Usage

util_demand(f, prices, income = NULL, utility = NULL, gradient = FALSE, ...)

Arguments

f	A econ_util object.
prices	A numeric vector of prices.
income	A scalar numeric of income. If NULL, utility must be provided.
utility	A scalar numeric of utility level. If NULL, income must be provided.
gradient	Logical input to return the gradient. By default, FALSE.
...	Additional arguments.

Value

when gradient = FALSE, a numeric vector of quantities. When gradient = TRUE, a numeric matrix of gradients of quantities related to prices.

UchidaMizuki/econgoods documentation built on Oct. 23, 2024, 8:10 a.m.