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TBn 1
:B F HHHHH
HHHHHDn D
n 1
here n and n 1 are the number o! units o! the commodity co
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nsumed.4nother importantassumption/
hich :arshallmade/
is independenceo! utility.@hat itmeans is thatutility derived
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!rom/ say/consumin" a,amosa
isindependento!
utilityderived !rom consumin"/ say/,and iches
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.To"ether/ alltheseassumptions
ould implythat i! our
consumer$staste canberepresentedby means o! a
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utility !unctiono! the !ormB F ! =D19 D2
9Dn>/then such a
!unctionill have the
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property o! additivity and separability. This
ouldm e a nt h a t B F
B = D1> B =D2> ... B =Dn
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>h e r e
B = D1>F!1
=D1>B =D2> F !
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2
=D2>........................................................
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