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Quasilinear utility

 Home Mathematics Fields of mathematics Applied mathematics Actuarial science Financial economics
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Quasilinear utility is a specific form of utility function used in economics to represent consumer preferences. In a quasilinear utility function, one of the goods is linear in consumption, while the utility derived from other goods is nonlinear. This type of utility function simplifies the analysis of certain economic problems, particularly in the context of consumer choice and public goods.

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