preference Matt

next

it xEY x y YET
strictlypreferred
if x2YandYZX x y

if y ex MY strictlyworsethan
if y x NY x is weaklyworsethanY
binaryrelation 4
X.YEFEEHEXZYETEI.IR EFFETE
HEERAFLEE

HEEHEE
SEEweaklypreferredset
PRIEST

strictly
weakset
 REEBIFEEDETTAH
all the points to the
right and above of X
are weakly preferred
47141,7GEH7 wellbehaved indifferencecurves
Ft H'T X 4215141.42 tt yiZXEyzsxz
4monotonicity EXTEY X 427 2
474 MYX Fly 42 IX X2

It 74 77YAY averagesarepreferredtoextremes
5 convexity ftp FEEAEFE7HIFTkHIX x2 YYy
THE Exist tf's EYES THE IXE'Y IxztzYz 717314747178
T
if you prefer X to Y, the n
any mixture between X,Y
1 TAHITI.INTYaKIEHEH
must be weakly preferred
toY
ltxitll tjy.it TIIT YYEIX Xz
xzyandtelo.IT then anti a Yay

EH YEH É
531AM d

be told：the
weakly better sets
my Mitt is to the right: it is
convex but not
monotonic
 identifytheutilityFunction
Kel

Y
YAFFA
mix thedistancefromytotheorigin consumenothing

Xan Examples ofUtilityFunctions

1 Perfectsubstitutes

UH Ya xitxz ax.tbxi.EE HIEXFtEx

O 2 Perfect complements

ux.xaminepx.axir.a.pro.tv atFe tiktiiikt

I

y MIXXz K UX tXz 7FJXa HITFIX.EE

t eg.vlX
Xa JX.tXa logXitXz

4 CobbDouglas Preference
X2
ulx.kz XiXad
xix5,2E10.1
uix.xy.tnxixz9 dnxitdlnxztEYFEtf

MIXXa Xix's
LEAHCobbDouglas FAITH.FItEtI.EtEEE4eYzx1
constantElasticityofsubstitution
S
UH la Xitxi.a4
O f ult X2 Xn
EaxijÉ
FBI UH a taxPepxist 2 13

GEEICP Ps.pe
CESEXAF.FM BGF4BHAEHAH
 0 uix Xa CD
ulxi.la
fI Xf880 1 MIX Xz _FXitXz
0,41 1,42
PSV
minx XaY PC
X2 6 Bp BlissPoint
h 1214410425
Iz ult xz
y É 假设消费者拥有最好的bundle为P点，离这个消费束越远，消费者越不满意。
如图，离饱和点越远的消费束，其所在的无差异曲线越低。
o x I 那么这个无差异曲线的斜率会如何变化呢？我们可以从上图中看到，如果在
Ii.kz SatiationPoint 某一点两种产品的数量都“过少”或者“过多”，那么无差异曲线在该点的
斜率就为负值，如果在某一点只有一种产品的数量“过多”，那么无差异曲
HEFEIblisspoint 线在该店的斜率就为正值。

如果消费者有了“过多”的某一样产品，这时候该产品就会变成“厌恶
品”，减少该产品的数量就会使消费束距离饱和点更近一些，同时，如果消
费者两样产品数量都“过多”，那么就需要将两样产品的数量同时减少，这
样就能靠近饱和点。

Propertyofutilityfunction

CESgraphtask

Xan Xan Xan Xan X2

I x ex ex ex ex
2 5 2 1 2 1 2 0.01 2 30
ps PC CD
X2 X2 X2

X Tx TX
2 1 2 1 D
 Marginal utilityandMRS
MRS theslopeofindifferentcurve
T FEE.EE E.TEIHXzEEitx
MESA
t.tt
pinery 2t.E YictFy2P e4HEftF7Ynkt FREE.io
ox
OX ULXi.Xz FAFTEIIEBYATNE
oh Mdiox pillboxtMUz0Xz 04 0
28178 MRS I
MY JULY X2
EYIBHFH.TN FIATH t
BETA
TT.EE Em FMH.IEEEIEtFITAHAYEMRS
I MU MRsYFExYIB EviEHE'FEKETE
fit'ITAY.MY
MUKIEEEAFF IIPHFHFE.IM

3IV

5
exercise nix x X lil MRS 2
3
MU nix 153.1155 3
Muz U'x2 15.31155 5