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Все вопросы
- Thus, given any one … function, any monotonic transformation of it will represent the same preferences. #321
- The …, can be calculated from the utility function via the formula MRS = Δx2/Δx1 = −MU1/MU2. #322
- The theory of … has been reformulated entirely in terms of consumer preferences, and utility is seen only as a way to describe preferences. #323
- 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. #324
- There are some theories of utility that attach a significance to the magnitude of utility. These are known as cardinal utility theories. #325
- In mathematics, the set of all (x1, x2) such that u(x1, x2) equals a constant is called a absolute set. #326
- When the utility function is linear in good 2, but (possibly) nonlinear in good 1; hence the name quasilinear utility, meaning «partly linear» utility. #327
- 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. #328
- The study of how the equilibrium price and quantity change when the underlying conditions change is known as …. #329
- Utility functions are basically ways of describing choice behavior. #330