#865537

#865537: The theory of … has been reformulated entirely in terms of consumer preferences, and utility is seen only as a way to describe preferences.

The theory of … has been reformulated entirely in terms of consumer preferences, and utility is seen only as a way to describe preferences.
Варианты ответа:
  • Consumer Behavior
  • Demand Behavior
  • Supply Behavior

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Тематика: Микро- и макроэкономические основы рыночного ценообразования Теория отраслевых рынков Экономическая мысль дорыночной экономики
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A utility function is a way of assigning a number to every possible … bundle such that more-preferred bundles get assigned larger numbers than less-preferred bundles. There are some theories of utility that attach a significance to the magnitude of utility. These are known as cardinal utility theories. In mathematics, the set of all (x1, x2) such that u(x1, x2) equals a constant is called a absolute set. When the utility function is linear in good 2, but (possibly) nonlinear in good 1; hence the name quasilinear utility, meaning «partly linear» utility. Consider a consumer who is consuming some bundle of goods, (x1, x2). How does this consumer’s utility doesn’t change as we give him or her a little more of good 1? This rate of change is called the marginal utility with respect to good 1.