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Все вопросы
- Well-behaved preferences are monotonic (meaning more is better) and … (meaning averages are preferred to extremes). #311
- The … measures the slope of the indifference curve. This can be interpreted as how much the consumer is willing to give up of good 2 to acquire more of good 1. #312
- We call the objects of consumer choice … bundles. #313
- Two goods are … if the consumer is willing to substitute one good for the other at a constant rate. #314
- … complements are goods that are always consumed together in fixed proportions. #315
- A … is a neutral good if the consumer doesn’t care about it one way or the other. #316
- A … is a commodity that the consumer doesn’t like. #317
- The demand curve measures how much people wish to demand at each price, and the supply curve measures how much people wish to supply at each price. An … is one where the amount demanded equals the amount supplied. #318
- The slope of an indifference curve is known as the …. #319
- A utility function is simply a way to represent or summarize a … ordering. The numerical magnitudes of utility levels have no intrinsic meaning. #320