微观经济学答案（国外英文资料）.docVIP

微观经济学答案（国外英文资料） The information that is worth having It comes from the general learning accumulation summary There must be a problem Please be critical! microeconomics First, conceptual analysis Hicks breaks down with srezki: hicks decomposition: when the level of utility remains constant A change in the demand for the goods caused by the change in price That is the substitution effect The income effect is when all prices remain the same A change in the quantity demanded by the change in real income The difference between the srezki decomposition and the income effect is different from the hicks decomposition method There are two utilities that are not used in the process of decomposition Instead, the two utilities are determined by using purchasing-power methods Explicit costs and hidden costs: explicit costs are the accounting costs of the enterprise It is the cost of the enterprise to use the elements that others have or control Hidden costs are mainly the cost of the enterprises own elements that should be paid without being paid Together they constitute economic costs Organization costs and transaction costs: transaction costs are also known as transaction costs Refers to the expenses incurred for the completion of the transaction This includes finding trade objects, collecting transaction information, concluding transaction contracts, and the cost of monitoring the performance of contracts and the actions of sanctions Organizational cost is the organizational coordination cost of the organization Not including the production cost of the enterprise Its an organizational cost Including the formulation, execution, supervision and penalty of production plan within the enterprise Companies are substitutes for the market You can save transaction costs But it costs organization costs The comparison of the two determines the boundaries of the enterprise Risk aversion and risk appetite: we can define peoples attitudes to risk using the expected utility function The att