MAKROEKONOMIA BEGG SKRYPT PDF

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Embed Size px x x x x The budget lineIncome and prices together determine the combinations of the goods that the consumer can afford. The budget line separates the affordable from the unaffordable.

Modelling consumer preferencesAssume the consumer prefers more to less. Compared with point a:the consumer would prefer to be to the north-east, e. Modelling consumer preferences 2 a is preferred to all points in the dominated regionbut the consumer would prefer any point in the preferred region to apoints like d and e involve more of one good and less of the other compared with a.

This would be against the definition of the IC. The more meals she has, the more hungry she becomes for films, and vice versa. Otherwise, the consumer would be indifferent between consumption bundles B and C; as they both lie on U1U1.

Adjustment to a price changeAn increase in the price of one good shifts the budget linealtering its slopewhich reflects relative prices. In this case an increase in the price of meals leads to a fall in demand as we move from C to D.

View Download 0 Category Documents. Begg, S. Fischer, R. Elektronische Marktpltze : Formen, Beteiligte Auflage, London et al.

Irwin McGraw-Hill , S. Wprowadzenie do mikroekonomii - coin. Rudiger Dornbusch Documents.

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Embed Size px x x x x The budget lineIncome and prices together determine the combinations of the goods that the consumer can afford. The budget line separates the affordable from the unaffordable. Modelling consumer preferencesAssume the consumer prefers more to less. Compared with point a:the consumer would prefer to be to the north-east, e. Modelling consumer preferences 2 a is preferred to all points in the dominated regionbut the consumer would prefer any point in the preferred region to apoints like d and e involve more of one good and less of the other compared with a. This would be against the definition of the IC.

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