Microeconomics principles and analysis phần 2 ppt
Microeconomics principles and analysis phần 2 ppt
... y=p 1 . In the right-hand version the person has an endowment of resources R := (R 1 ; R 2 ), and so his chosen bundle of goods must satisfy p 1 x 1 + p 2 x 2 p 1 R + p 2 R 2 : (4 .2) The two versions ... CHAPTER 3. THE FIRM AND THE MARKET 2. In a market of a thousand consumers the demand curve for the commodity is given by p = A bq where q is total quantity demanded an...
Ngày tải lên: 09/08/2014, 19:21
Microeconomics principles and analysis phần 3 pptx
... possibility of combining and dividing production processes. Axiom 6.5 (Additivity) If q 0 and q 00 2 Q then q 0 + q 00 2 Q. Axiom 6.6 (Divisibility) If 0 < t < 1 and q 2 Q then tq 2 Q. Let us see ... criterion in (5 .26 ) and (5 .27 ) above. In fact we can prove (see Appendix C) Theorem 5 .2 (Representative Consumer) Average demand in the market can be written in th...
Ngày tải lên: 09/08/2014, 19:21
Microeconomics principles and analysis phần 4 ppt
... that the person select P 1 when P 2 is also available and then also select P 3 when P 4 is available (Bell 19 82, Loomes and Sugden 19 82) . 22 2 CHAPTER 8. UNCERTAINTY AND RISK 8.7 An example of the ... been realised. and obtain a set of demand functions conditional upon !: x i = D i (p; y ! ) : 180 CHAPTER 8. UNCERTAINTY AND RISK Figure 8 .2: The state-space diagram: # = 2...
Ngày tải lên: 09/08/2014, 19:21
Microeconomics principles and analysis phần 1 pdf
... . . 22 0 9 Welfare 22 7 9.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 7 9 .2 The constitution . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 8 9.3 Principles ... . . 21 2. 11 Cost and input price . . . . . . . . . . . . . . . . . . . . . . . . . 24 2. 12 Optimal output may be multivalued . . . . . . . . . . . . . . . . 27 2. 13 Conve...
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Microeconomics principles and analysis phần 5 ppsx
... for …rm 2 we get a relationship 2 giving q 2 as a function of some arbitrary value q 1 of the output of …rm 1: q 2 = 2 q 1 : (10.15) Equilibrium and e¢ ciency Treating 1 and 2 as characterising ... generated by …rm 2. We could measure this in terms of …rm 2 s output: 1 2 2 @ 2 @q 1 1 (9 .25 ) where 2 2 is the conventional di¤erential of …rm 2 s prod...
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Microeconomics principles and analysis phần 6 potx
... (11. 32) Third, given (11. 32) , we must have: 13 a (x a 1 ) F a > 0: 11 Sh ow this by usi ng (11 .22 ) and (11 .29 ). 12 Sh ow this by usi ng (11 .22 ) and (11.31). 13 Sh ow this using (11. 32) and ... actions. s b 1 s b 2 s b 3 s a 1 0; 2 3; 1 4; 3 s a 2 2; 4 0; 3 3; 2 s a 3 1; 1 2; 0 2; 1 Table 10.10: Elimination and equilibrium 1. Is there a dominant strateg...
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Microeconomics principles and analysis phần 7 ppsx
... 2 x 2 1 2 4. Plot the graph of the bank’s expected pro…ts against y. Show that the bank will set y = y if 1 y > 2 x 2 and y = x 2 otherwise. 5. Suppose there are N such …rms and ... v 2 ; ::: ( 12. 3) De…nition 12. 3 Suppose there are two pro…les [v] and [~v] such that = v 1 ; v 2 ; ::: and, for all h : v h ( ) v h () ) ~v h ( ) ~v...
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Microeconomics principles and analysis phần 8 doc
... variable for …rm 2, and so the optimisation problem is max fq 2 ;g n X i=1 p i q 2 i 2 2 q 2 ; q 1 1 (13.8) The …rst-order conditions are: p i 2 2 i q 2 ; q 1 1 = 0 ... positively (deodorant?) and good 2 is just a basket of other goods. Using the basic e¢ ciency principles from equation (9.34) and (13 .2) we get U h 1 U h 2 = 1 2...
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Microeconomics principles and analysis phần 9 ppsx
... Pr E 1 j E 2 Pr E 2 (A.67) From de…nition A.30 and (A.67) we get Bayes’rule: Pr (E 2 jE 1 ) = Pr (E 1 jE 2 ) Pr (E 2 ) Pr (E 1 jE 2 ) Pr (E 2 ) + Pr E 1 j E 2 Pr E 2 A.8.3 ... q 1 ; q 2 = 0 or p 2 q q 2 q 2 + p 2 q 2 = C q w; q 2 ; q 1 = 0 10 Assume that 1 < 2 . Su ppose that the …rm ignored the possibility of s...
Ngày tải lên: 09/08/2014, 19:21
on the principles of political economy and taxation phần 2 pptx
... 4"505 2 8'0 2 .8 2 7 2 0.8" 2 2 ... 2 8 .>8807 2 7...
Ngày tải lên: 09/08/2014, 19:22