level of utility

  • 51Contract curve — Blue contract curve showing points of tangency of indifference curves in an Edgeworth box In microeconomics, the contract curve is the set of points, representing final allocations of two goods between two people, that could occur as a result of… …

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  • 52Expenditure function — In microeconomics, the expenditure function describes the minimum amount of money an individual needs to achieve some level of utility, given a utility function and prices.Formally, if there is a utility function u that describes preferences over …

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  • 53Consumer theory — is a theory of microeconomics that relates preferences to consumer demand curves. The link between personal preferences, consumption, and the demand curve is one of the most complex relations in economics. Implicitly, economists assume that… …

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  • 54Community indifference curve — A community indifference curve is an illustration of different combinations of commodity quantities that would bring a whole community the same level of utility. The model can be used to describe any community, such as a town or an entire nation …

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  • 55Glockenblumen — Wiesen Glockenblume (Campanula patula) Systematik Asteriden Euasteriden II …

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  • 56Competitive equilibrium — Competitive market equilibrium is the traditional concept of economic equilibrium, appropriate for the analysis of commodity markets with flexible prices and many traders, and serving as the benchmark of efficiency in economic analysis. It relies …

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  • 57Rational addiction — The hypothesis that addictions (to heroin, tobacco, television, etc.) can be usefully modeled as a specific kind of rational, forward looking, optimal consumption plans. The canonical theory is due to Kevin M. Murphy and Nobel Prize Winner Gary S …

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  • 58consumer price index — an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period. Abbr.: CPI Also called cost of living index. [1945 50] * * * ▪ economics Introduction… …

    Universalium

  • 59основная услуга — (ITIL Service Strategy) Услуга, которая предоставляет основные результаты, необходимые одному или нескольким заказчикам. Основная услуга даёт необходимый уровень полезности и гарантии. Заказчику может предлагаться несколько уровней полезности и… …

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  • 60пакет услуг — (ITIL Service Strategy) Две или более услуг, объединенных для удовлетворения определённого типа потребностей заказчиков или поддержки определённых бизнес результатов. Пакет услуг может состоять из комбинации основных, дополняющих и улучшающих… …

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