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August Immanuel Bekker. Bekker numbering or Bekker pagination is the standard form of citation to the works of Aristotle.It is based on the page numbers used in the Prussian Academy of Sciences edition of the complete works of Aristotle (1831–1837) and takes its name from the editor of that edition, the classical philologist August Immanuel Bekker (1785–1871); because the academy was ...
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal , as the price of a good increases (↑) , quantity demanded will decrease (↓) ; conversely, as the price of a good decreases (↓ ...
Bekker confined himself entirely to manuscript investigations and textual criticism; he contributed little to the extension of other types of scholarship. [1] Bekker numbers have become the standard way of referring to the works of Aristotle and the Corpus Aristotelicum.
Aristotle also established a difference between economics and chrematistics that would be foundational in medieval thought. [2] For Aristotle, the accumulation of money itself is an unnatural activity that dehumanizes those who practice it.
The "integrability" in the name comes from the fact that demand functions can be shown to satisfy a system of partial differential equations in prices, and solving (integrating) this system is a crucial step in recovering the underlying utility function generating demand.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In microeconomics, the utility maximization problem is the problem consumers face: "How should I spend my money in order to maximize my utility?" It is a type of optimal decision problem . It consists of choosing how much of each available good or service to consume, taking into account a constraint on total spending (income), the prices of the ...
The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves.It analyzes how consumers maximize the desirability of their consumption (as measured by their preferences subject to limitations on their expenditures), by maximizing utility subject to a consumer budget constraint. [1]