Microeconomics I partie 8/9
Fiches de révisions
Fiches de révisions
35
0.0 (0)
Set of flashcards Details
| Flashcards | 35 |
|---|---|
| Language | English |
| Category | Macro-Economics |
| Level | University |
| Created / Updated | 06.06.2019 / 02.10.2023 |
| Licencing | Attribution-NonCommercial-NoDerivs (CC BY-NC-ND) (Unversité de Genève, cours de Pr. Monika Mrazova) |
| Weblink |
https://card2brain.ch/box/20190606_microeconomics_i_partie_89
|
| Embed |
<iframe src="https://card2brain.ch/box/20190606_microeconomics_i_partie_89/embed" width="780" height="150" scrolling="no" frameborder="0"></iframe>
|
Which of the following utility functions could be used to represent David’s preference ordering?
Not the 3rd nor the 5th
Preferences axioms
I complete: any two bundles can be compared
I reflexive: any bundle is at least as good as itself X >= X
I transitive: if X >= Y and Y >= Z then X >= Z
Example for MRS
The Marginal Rate of Substitution (MRS)
