微观经济学课件-购买和销售.pptxVIP

Buying and Selling购买和销售 Buying and Sellingu And how are incomes generated?u How does the value of income depend upon commodity prices?u How can we put all this together to explain better how price changes affect demands? Endowmentsu The list of resource units with which a consumer starts is his endowment（禀赋）.u A consumer’s endowment will be denoted by the vector (omega). Endowmentsu E.g.states that the consumer is endowed with 10 units of good 1 and 2 units of good 2.u What is the endowment’s value?u For which consumption bundles may it be exchanged? Endowmentsu p1=2 and p2=3 so the value of t