The consumer is in equilibrium when A.MRT = MRS. B.Px/Py. = MUx/MUy. C.the budget line is tangent to the indifference curve at the bundle chosen. D.All of the above. 点击查看答案 你可能感兴趣的试题 单项选择题目前()仍是我国第一用水大户,发展高效节水型农业是国家的基本战略。 A....
The consumer is in equilibrium when marginal utility from a commodity becomes equal to its given price. In other words, consumer purchases the number of units of a commodity at which marginal utility is equal to price. This means that at the margin what a consumer will be ...
二、Consumer equilibrium Definition: Consumer equilibrium is when a consumer with a given income and given prices buy a combination of goods which give him the maximum satisfaction. It is where the budget line is tangent to an indifference curve. Assumptions: 1.The consumer has a given indifferen...
JEFFREY S. LARSONDARRON M. BILLETERLarson, JS, Billeter, DM (2013) Consumer behavior in “equilibrium”: how experiencing physical balance increases compromise choice. Journal of Marketing Research 50: pp. 535-547
The consumer is said to be in equilibrium when he purchase a definite bundle of goods from among those available to him within his income range. Obviously, a consumer will choose a bundle that gives him maximum satisfaction. The bundles of goods that offer varying amounts of satisfaction to ...
According to the law of equi-marginal utility, a consumer will be in equilibrium when the ratio of marginal utility of one commodity to its price is equal to the ratio of marginal utility of another commodity to its price. Let us assume that consumers buy two goods i.e. X and Y. Then...
[translate] aSecond, Jim’s consumer equilibrium must be made on his budget line which is given by the equation ,where and represent prices of good X and good Y, respectively; 其次,吉姆的在等式给的他的预算额度必须做消费者平衡 的地方 并且 代表好X和好Y的价格,分别; [translate] ...
[translate] aThis result implies that, in the equilibrium at price pI the expected utility of each consumer 这个结果暗示那,在平衡以价格pI每个消费者的期望效用[translate]
ONECOMMODITY CASE •Consumerisinequilibriumwhenhegetsmaximumsatisfaction. •HewillgetmaximumsatisfactionifMUofacommodityinmoneytermsisequal toitsprice. CONDITIONSOFCONSUMEREQUILIBRIUMSS •Px=MUx •SinceitisdifficulttocompareMUofagood(expressedinutils)withitsprice (expressedinRupees)thereforeMUofagoodis...
What do you mean by quasi equilibrium in economics? What is the interdependence of micro and macro economics? What is an adjustment to equilibrium? What is the Keynesian cross? What is the Nash equilibrium in economics and when should it found?