西方经济学作业答案200611（Western economics assignment answer 200611）.docVIP

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西方经济学作业答案200611（Western economics assignment answer 200611）.doc

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西方经济学作业答案200611（Western economics assignment answer 200611）

西方经济学作业答案200611（Western economics assignment answer 200611） Own collection Think its useful So upload it to Baidu Share it with everyone! Western economics assignment answer 2006.11 I. radio questions 1-5 AABCB; 6-10 CCACB; 11-15 CAADA 16-20 ADBDA 21-25 CCBBA 26-30 BCADC Two. Noun explanation 1. a consumers demand for a commodity is when other conditions remain the same The quantity of goods that a consumer is willing and able to purchase at various prices at a given time 2. the supply of a commodity by a producer means that the other conditions remain unchanged The quantity of the commodity that a producer is willing and able to sell at a given price for a particular period 3. marginal utility is the increase in the utility of the consumer during the given period from the increase in the consumption of one unit of goods and services The 4. indifference curve refers to the trajectory described by a different number of combinations of goods that give consumers the same level of satisfaction 5. substitution effect refers to the relative price change of a commodity caused by the change in price of a commodity This leads to a change in the quantity demanded by the consumer under the condition that the utility is kept unchanged An alternative effect known as price change 6., the income effect refers to the change in the real income of a consumer due to a change in the price of a commodity The resulting change in consumer demand for goods The income effect known as price change 7. marginal rate of technical substitution refers to the condition that the output level remains unchanged Increase a unit, a certain factor input can replace the input of another production factor Expressed in RTS 8. opportunity cost is the cost of a given opportunity when a resource is not taken full advantage of 9. public goods are non exclusive and / or non competitive goods 10. the gross domestic product refers to the sum of the market value of all the final products and services produced by a