效用是消费者对产品满足其需要的整体能 力的评价。 Value is the consumer's estimate of the product's overall capacity to satisfy his or her needs. 消费者通常根据这种对产品价值的主观 评价和要支付的费用来作出购买决定
The following stress-strain curves were obtained for dif- ferent materials subjecting the specimen to the loading path(a, b, c, d ). Which one(s) of them correspond to elas- tic material(s)
Chapter 5 Electronic commerce information's search and selection In physical markets, consumer search activities include reading advertisements, calling endors, and visiting stores. In a virtual marketplace, all these activities seem to converge into Web searches and Web browsing. Not surprisingly, search services are the first market infrastructure to be built in the electronic marketplace
2 concepts that enhance our understanding of risk... 1) Operating Leverage affects a firm's business risk. 2) Financial Leverage affects a firm's financial risk
1. Asymmetric auctions Consider an interdependent-values auction with two bidders, each of whom observes an i.i.d uniform signal s; E [ 0, 1]. Bidder i' s valuation for the object is equal to