This question was closed without grading. Reason: Other
Aug 11, 2016 13:24
7 yrs ago
English term
in utility-quantity space
English to Russian
Bus/Financial
Agriculture
Let’s pause to think about how market structure applies to subsistence-level farming.
Some will argue there is no linkage.
But recall that economics is the study of consumer utility and the efficient allocation of scare resources for production.
Economists use monetary values to signal utility gratification.
So market models could be explained in utility-quantity space.
The fundamentals of market structure characteristics still hold when there is no monetary exchange.
как-то совсем не могу понять как переводится такое выражение и что оно значит, буду рада помощи
Some will argue there is no linkage.
But recall that economics is the study of consumer utility and the efficient allocation of scare resources for production.
Economists use monetary values to signal utility gratification.
So market models could be explained in utility-quantity space.
The fundamentals of market structure characteristics still hold when there is no monetary exchange.
как-то совсем не могу понять как переводится такое выражение и что оно значит, буду рада помощи
Proposed translations
(Russian)
4 | в категориях полезности/количества | Oleg Lozinskiy |
Proposed translations
24 mins
в категориях полезности/количества
*
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Note added at 26 мин (2016-08-11 13:51:01 GMT)
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Marginal utility theory
Tejvan Pettinger November 28, 2012
Marginal utility theory examines the increase in satisfaction consumers gain from consuming an extra unit of a good.
Utility is an idea that people get a certain level of satisfaction / happiness / utility from consuming goods and service.
Marginal utility is the benefit from consuming an extra unit
This utility is not constant. Often we get diminishing marginal utility. The first piece of chocolate cake gives more utility than the 7th piece.
http://www.economicshelp.org/blog/glossary/marginal-utility-...
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Note added at 26 мин (2016-08-11 13:51:01 GMT)
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Marginal utility theory
Tejvan Pettinger November 28, 2012
Marginal utility theory examines the increase in satisfaction consumers gain from consuming an extra unit of a good.
Utility is an idea that people get a certain level of satisfaction / happiness / utility from consuming goods and service.
Marginal utility is the benefit from consuming an extra unit
This utility is not constant. Often we get diminishing marginal utility. The first piece of chocolate cake gives more utility than the 7th piece.
http://www.economicshelp.org/blog/glossary/marginal-utility-...
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