Indifference Curve 再一次接触这个Graph,是在intro to micro上,讲到indifference curve. 在同一条indifference curve上的商品combination对于消费者来说是equivalent的,越往外的indifference curve越能给消费者带来更高的Utility. 让我眼前一亮的一点就是,因为每个消费者preference的不同,所以indifference curve会有不同的弯...
Budget Constraint and Indifference Curves A consumer’s budget constraint (also calledbudget line) is a straight line that shows the different combination of two products that the consumer can afford to buy. Let’s consider Mark again. It he has a total of $200 to spend on movies and dine-...
What is the relationship between marginal utility, MRS, and budget constraint? In the context of Economics, define the following term: Budget constraint. The correct equation for budget constraint is ___. What does a budget constraint and indifference curve show? What...
In the short term, budget constraints can be reduced through the use of loans; however, analyzing budget constraint, in the long run, reveals that it is primarily governed by income, rent, and other more long-term factors. Budget constraint constitutes the primary part of the concept ofutility...
Demonstrate graphically using budget constraints and indifference curves, why means testing creates disincentives to work. Briefly explain in your own words the difference between a budget constraint and a demand function. What do the variables on the axes of a budg...
federalism and the soft budget constraint:联邦制和软预算约束 热度: 范里安微观经济学预算约束Budget Constraint 热度: Indifference Curve & Budget Line:无差异曲线和预算线 热度: 10.预算约束线(budgetline):又称消费可能性线或价格线。表示消费者在一定的个人收入 ...
between the budget constraint and the indifference curve. This means that for the optimal bundle the slope of the indifference curve is equal to the slope of the budget constraint MRS = ratio of prices The optimal consumer choice This condition gives a central result of consumer theory: ...
Two ways to derive MRS: Along the indifference curve xy 2 = C. c y = . x Thus, dy √c y MRSd = = = . dx 2x3/2 2x Using the conclusion aboveu 2 xy y MRS = = = .u2xy 2xy2 Budget ConstraintThe problem is about how much goods a person can buy with limited income. ...
All;of;the;above;are;correct.where;the;marginal;utility;per;dollar;spent;is;the;same;for;both;X;and;Y.along;the;highest;attainable;indifference;curve.where;the;indifference;curve;is;tangent;to;the;budget;constraint. 相关知识点: 试题来源: 解析 All;of;the;above;are;correct. 反馈 收藏 ...
A budget constraint illustrates bundles that a consumer prefers equally, while an indifference curve illustrates bundles that are equally affordable to a consumerA.正确B.错误的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题