#865593

#865593: If utility is …, the compensating variation, the equivalent variation, and the change in consumer’s surplus are all equal.

If utility is …, the compensating variation, the equivalent variation, and the change in consumer’s surplus are all equal.
Варианты ответа:
  • Linear
  • Quadratic
  • Quasilinear

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Тематика: Микро- и макроэкономические основы рыночного ценообразования Теория отраслевых рынков Экономическая мысль дорыночной экономики
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In the case of supply behavior we can define a producer’s surplus that measures the net benefits to the supplier from producing a given amount of output. The term v(n) − pn is called consumer’s surplus. If a single consumers is involved we can add up each consumer’s surplus across all the consumers to create an aggregate measure of the consumers’ surplus. This is called the equivalent variation in income since it is the income change that is opposite to the price change in terms of the change in utility. People try to choose the best patterns of consumption that they can afford. This is known as: