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Вопросы по дисциплине: Микро- и макроэкономические основы рыночного ценообразования Сбросить фильтр
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131 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
132 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
133 The optimal choice of goods 1 and 2 at some set of prices and income is called the consumer’s … bundle. Открыть
134 The demand function is the function that relates the optimal choice—the quantities demanded—to the different values of prices and incomes. Открыть
135 Quantity tax is a tax on the amount consumed of a good, like a gasoline tax of 15 cents per gallon. Открыть
136 An income tax is just a tax on Expenses. Открыть
137 The Cobb-Douglas consumer always spends a fixed fraction of his income on each good. The size of the fraction is determined by the exponent in the Cobb-Douglas function. Открыть
138 An economic situation is … if there is no way to make some group of people better off without making some other group of people worse off. The concept of Pareto efficiency can be used to evaluate different ways of allocating resources. Открыть
139 The basic procedure will be the same for each example: plot the indifference curves and inverse the budget line and find the point where the lowest indifference curve touches the budget line. Открыть
140 The consumer’s … function for a good will in general depend on the prices of all goods and income. Открыть