Other things held constant, which of the following would not cause a change in demand for beef? A:A decrease in consumer 点我阅读全文
If a consumer maximizes a utility function subject to a budget constraint and has strictly convex preferences, then his 点我阅读全文
The strong axiom of revealed preference requires that if a consumer chooses x when he can afford y; and chooses y when h 点我阅读全文
Let A stand for the bundle (7,9);B stand for the bundle (10,5); and C stand for the bundle (6,6). When prices are (2,4) 点我阅读全文
Remember that the Laspeyres price index uses the old quantities for the weights. In 1971, good x cost 3 and good y cost 点我阅读全文
A:Without changing her total expenditures, she could increase her utility by consuming more jam and less juice. 点我阅读全文
A:对 B:错 答案: 错Isobel consumes positive quantities of both jam and and juice. The price of jam is 5 cents per unit and the 点我阅读全文
If two goods are substitutes, then an increase in the price of one of them will increase the demand for the other. A:错 B 点我阅读全文
An Engel curve is a demand curve with the vertical and horizontal axes reversed. A:错 B:对 答案: 错 点我阅读全文
C: Without changing her total expenditures on jam and juice, she could not increase her utility. 点我阅读全文
Daisy received a tape recorder as a birthday gift and is not able to return it. Her utility function is U(x,y,z)=x+z1/2f 点我阅读全文