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Вопросы по дисциплине: Экономическая мысль дорыночной экономики Сбросить фильтр
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131 When the utility function is linear in good 2, but (possibly) nonlinear in good 1; hence the name quasilinear utility, meaning «partly linear» utility. Открыть
132 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. Открыть
133 The study of how the equilibrium price and quantity change when the underlying conditions change is known as …. Открыть
134 Utility functions are basically ways of describing choice behavior. Открыть
135 The optimal choice of the consumer is that bundle in the consumer’s budget set that lies on the … indifference curve. Открыть
136 Typically, the optimal bundle will be characterized by the condition that the slope of the indifference curve (the MRS) will equal the slope of the … line. Открыть
137 If we observe several … choices it may be possible to estimate a utility function that would generate that sort of choice behavior. Such a utility function can be used to predict future choices and to estimate the utility to consumers of new economic policies. Открыть
138 If everyone faces the same prices for the two goods, then everyone will have the … marginal rate of substitution, and will thus be willing to trade off the two goods in the same way. Открыть
139 The optimal choice of goods 1 and 2 at some set of prices and income is called the consumer’s … bundle. Открыть
140 The demand function is the function that relates the optimal choice—the quantities demanded—to the different values of prices and incomes. Открыть