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时间:2019-02-26
《史蒂芬 威廉森 宏观经济学 第四版 课后题答案 最新solution_ch4》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、Chapter4ConsumerandFirmBehavior:TheWork-LeisureDecisionandProfitMaximization¢TextbookQuestionSolutionsQuestionsforReview1.Consumersconsumeanaggregateconsumptiongoodandleisure.2.Consumers’preferencesaresummarizedinautilityfunction.3.Thefirstpropertyisthatmoreisalwayspreferredtoless.Thisprop
2、ertyassuresusthataconsumptionbundlewithmoreofonegoodandnolessoftheothergoodthananysecondbundlewillalwaysbepreferredtothesecondbundle.Thesecondpropertyisthataconsumerlikesdiversityinhisorherconsumptionbundle.Thispropertyassuresusthatalinearcombinationoftwoconsumptionbundleswillalwaysbeprefe
3、rredtothetwooriginalbundles.Thethirdpropertyisthatbothconsumptionandleisurearenormalgoods.Thispropertyassuresusthatanincreaseinaconsumer’sincomewillalwaysinducetheindividualtoconsumemoreofbothconsumptionandleisure.4.Thefirstpropertyofindifferencecurvesisthattheyaredownwardsloping.Thisprope
4、rtyisadirectconsequenceofthepropertythatmoreisalwayspreferredtoless.Thesecondpropertyofindifferencecurvesisthattheyarebowedtowardtheorigin.Thispropertyisadirectconsequenceofconsumers’preferencefordiversity.5.Consumersmaximizetheamountofutilitytheycanderivefromtheirgivenamountofavailableres
5、ources.6.Theoptimalbundlehasthepropertythatitrepresentsapointoftangencyofthebudgetlinewithanindifferencecurve.Anequivalentpropertyisthatthemarginalrateofsubstitutionofleisureforconsumptionandleisureisequaltotherealwage.7.Inresponsetoanincreaseindividendincome,theconsumerwillconsumemoregood
6、sandmoreleisure.8.Inresponsetoanincreaseintherealvalueofalump-sumtax,theconsumerwillconsumelessgoodsandlessleisure.©2011PearsonEducation,Inc.PublishingasAddisonWesley28Williamson•Macroeconomics,FourthEdition9.Anincreaseintherealwagemakestheconsumermorewelloff.Asaresultofthispureincomeeffec
7、t,theconsumerwantsmoreleisure.Alternatively,theincreaseintherealwageinducesasubstitutioneffectinwhichtheconsumeriswillingtoconsumelessleisureinexchangeforworkingmorehours(consuminglessleisure).Theneteffectofthesetwocompetingforcesistheoreticallyambiguous.10.Th
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