consumer theory Archives - MultiMedia https://www.telework.ro/en/tag/consumer-theory/ Știință și filosofie, afaceri online (web design, marketing, traduceri, cărți online, rețele sociale), artă. Știința informației (data science, business intelligence). Sun, 23 Nov 2014 07:36:14 +0000 en-GB hourly 1 https://www.telework.ro/wp-content/uploads/2016/01/cropped-logostore-32x32.png consumer theory Archives - MultiMedia https://www.telework.ro/en/tag/consumer-theory/ 32 32 2257885 Utility function in consumer theory https://www.telework.ro/en/utility-function-consumer-theory/ https://www.telework.ro/en/utility-function-consumer-theory/#respond Sun, 23 Nov 2014 07:36:14 +0000 http://www.telework.ro/?p=9194 The utility function associated with each consumption bundle x is a number u(x) such that the basket is preferred to the cart z if and only if u(y)>u(z). It is very important to note that the number u(x) has psychological … Read More

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]]> https://www.telework.ro/en/utility-function-consumer-theory/feed/ 0 9194 Indifference curve and marginal rate of substitution in consumer theory https://www.telework.ro/en/indifference-curve-marginal-rate-substitution-consumer-theory/ https://www.telework.ro/en/indifference-curve-marginal-rate-substitution-consumer-theory/#respond Tue, 11 Nov 2014 04:06:12 +0000 http://www.telework.ro/?p=9047 An indifference curve connects combinations of two goods and services whose consumption provides the same level of satisfaction. The indifference curves have three properties: the slope of the indifference curves is negative, the indifference curves do not intersect, and the … Read More

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]]> https://www.telework.ro/en/indifference-curve-marginal-rate-substitution-consumer-theory/feed/ 0 9047 Ordinal utility and preferences in the consumer theory https://www.telework.ro/en/ordinal-utility-preferences-consumer-theory/ https://www.telework.ro/en/ordinal-utility-preferences-consumer-theory/#respond Tue, 04 Nov 2014 12:48:44 +0000 http://www.telework.ro/?p=8857 Ordinal utility If the consumption of a quantity qA of a good A gives satisfaction 100 and a quantity qB of a good gives a satisfaction of 10, qA is equivalent to 10 times qB. The above example illustrates the … Read More

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