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Ordinal approach to consumers behavior презентация
Содержание
- 1. Ordinal approach to consumers behavior
- 2. …it is difficult to link the
- 3. The ordinal approach to the consumer balance
- 4. The combinations of goods should be arranged in the order of preference
- 5. assumption: consumers can define packages
- 6. Function of total utility The quantity of goods consumed in the accounting period
- 7. The quantity of goods (or packages of
- 8. This equation describes some surface in three-dimensional space
- 9. Quantity of Y, consumed for some
- 10. Indifference curve is the sum of all
- 11. Curves U1, U2, U3 - three multitudes
- 12. Is there a correlation between the marginal
- 13. ] consumption of Y is reduced by
- 14. But total utility remains unchanged, loss
- 15. Quantity of Y, consumed for
- 16. The utility measurement: ∆Uу = -
- 17. As total utility at B =
- 18. Switch from В to С:
- 19. Switch from С to D:
- 20. The more X is consumed, the less
- 21. Constantly decreasing MRS is a logical result
Слайд 2
…it is difficult to link the subjective preferences of consumers to
Слайд 7The quantity of goods (or packages of goods) consumed in the
Function of total utility
Слайд 9
Quantity of Y, consumed for some definite period
Quantity of X, consumed
Слайд 10Indifference curve is the sum of all combinations of goods X
Indifference map is a chart that reflects indifference curves
Слайд 11Curves U1, U2, U3 - three multitudes of the many possible
Quantity of Y, consumed for some definite period
Quantity of X, consumed for some definite period
The rate at which the consumer is willing to make such substitution is called the marginal rate of substitution
Marginal rate of substitution X by Y (MRSху) - the number of Y units consumer decline to purchase one additional unit of X under the condition of constant total utility
Measurement: absolute inclination of indifference curve at the point of consumption
Слайд 12Is there a correlation between the marginal utility and marginal rates
Internet
Water
Слайд 13] consumption of Y is reduced by ∆Y
that leads to
Quantity of Y, consumed for some definite period
Quantity of X, consumed for some definite period
Слайд 14
But total utility remains unchanged, loss from -∆Y is offset by
The inclination of the indifference curve
Quantity of Y, consumed for some definite period
Quantity of X, consumed for some definite period
Слайд 15
Quantity of Y, consumed for some definite period
Quantity of X, consumed
Слайд 16
The utility measurement:
∆Uу = - ∆У MUy = - 4,2 MUy
The
∆Uх = ∆Х MUх = 2 MUх
Quantity of Y, consumed for some definite period
Quantity of X, consumed for some definite period
Слайд 17
As total utility at B = total utility at A, than:
2 MUх = - 4,2 MUy
Quantity of Y, consumed for some definite period
Quantity of X, consumed for some definite period
Слайд 18
Switch from В to С:
Quantity of Y, consumed for some definite
Quantity of X, consumed for some definite period
Слайд 19
Switch from С to D:
Quantity of Y, consumed for some definite
Quantity of X, consumed for some definite period
Слайд 20The more X is consumed, the less is its marginal utility
Quantity of Y, consumed for some definite period
Quantity of X, consumed for some definite period
Слайд 21Constantly decreasing MRS is a logical result of the assumption that
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