Revealed Preference Analysis Suppose we observe the demands (consumption choices) that a consumer makes for different budgets. This reveals information about the consumer's preferences. We can use this information to

模拟试题六 1.某商品X的需求函数为: Qx=197000-100P+50P+0.1m+0.02A 其中:Py=300为商品y的价格; 家庭平均收入m=10000 广告费A=200000

Structure Rational constrained choice Computing ordinary demands Interior solution内在解) Corner solution(角点解) “Kinky\ solution Example: Choosing taxes

一、完全垄断的性质 完全垄断的定义:没有替代品的某种产品的生产,由唯一的厂商生产 完全垄断的特点:

一、成本的含义 1.定义 生产某种产品一定产量所耗费的各种生产要素的总价值

一、市场类型的比较 二、垄断行业的含义 三、垄断力量的来源

Monetary Measures of Gains-to￾Trade You can buy as much rice as you wish at RMB1 per kilogram once you enter the gasoline market. Q: What is the most you would pay to enter the market?

Where are We in the Course? We are working on the 1st of the 3 components of microeconomics: Consumer behavior, production theory, and market. There are three elements of consumer behavior: budget constraint, preference, and choices

What Do We Do in This Chapter? We create a mathematical measure of preference in order to advance our analysis

Market Equilibrium A market is in equilibrium when total quantity demanded by buyers equals total quantity supplied by sellers