微观经济进修题二(国外英文资料).docVIP

微观经济学习题二(国外英文资料) Chapter 4 the cost of elimination is a theory of theory Example to explain in detail: Example 1: (1) utility: the extent to which consumers consume goods or services. The size of the utility of a commodity or service depends on the extent to which it can satisfy consumers desires and needs. (2) the marginal utility: refers to the consumers in a certain period of time, from each unit increase (or decrease) of a commodity or service consumption of utility increase (decrease) the amount of volume. (3) consumer surplus: the difference between the value of a commodity and its price. In other words, the consumer surplus is the difference between the price that consumers are willing to pay and the actual price they are willing to pay based on their evaluation of the utility of the goods. Because the marginal utility is decreasing, the consumer can get the consumer surplus. (4) the indifference curve: indicates that for consumers, a variety of (or two groups) of different combinations of goods can be produced with equal satisfaction. Indifference curves are also called utility contour lines. (5) income consumption line: refers to the movement track of consumer consumption equalizer caused by income change in the case of consumer preference and commodity prices. (6) the price consumption line: refers to the consumer preferences, income and other commodity prices the same conditions, with a certain different commodity price level associated consumer utility maximization of the trajectories of equilibrium. (7) substitution effect: it is to point to in the case of other conditions unchanged, changes in prices of the goods caused by the change in relative prices of commodities, making customers under the condition of the original utility level unchanged with the cheaper goods instead of the more expensive goods and the impact of demand for commodities. (8) the income effect refers to the income of the same conditions, the actual income level changes caused by c