isooutlay line

简明释义

等支出线

英英释义

例句

1.In a graph, the slope of the isooutlay line represents the rate at which one good can be substituted for another.

在图表中，isooutlay line的斜率表示一种商品可以被另一种商品替代的比率。

2.If the price of one good decreases, the isooutlay line will pivot outward, allowing for more consumption of that good.

如果一种商品的价格下降，isooutlay line将向外旋转，使得可以消费更多该商品。

3.The budget constraint can be represented by the isooutlay line, which indicates all combinations of goods that can be purchased with a fixed budget.

预算约束可以通过isooutlay line表示，它指示在固定预算下可以购买的所有商品组合。

4.To maximize utility, consumers will choose a point on the isooutlay line that is tangent to their indifference curve.

为了最大化效用，消费者会选择一个位于其无差异曲线切点的isooutlay line上的点。

5.When analyzing consumer choices, the isooutlay line helps to visualize how changes in income affect purchasing power.

在分析消费者选择时，isooutlay line有助于可视化收入变化如何影响购买力。

作文

In the realm of economics, understanding various concepts and tools is essential for analyzing consumer behavior and market dynamics. One such concept is the isooutlay line, which plays a crucial role in illustrating the trade-offs consumers face when allocating their budgets across different goods. The isooutlay line represents all the combinations of two goods that a consumer can purchase given their income and the prices of those goods. Essentially, it helps to visualize how much of one good a consumer must give up to obtain more of another, thereby highlighting the opportunity cost involved in their decisions.To better grasp the significance of the isooutlay line, let’s consider an example involving two goods: books and coffee. Suppose a consumer has a budget of $20, with books priced at $5 each and coffee at $2 per cup. The isooutlay line can be plotted on a graph where the x-axis represents the quantity of books and the y-axis represents the quantity of coffee. The equation representing the isooutlay line in this scenario would be:5B + 2C = 20,where B is the number of books and C is the number of cups of coffee. By rearranging this equation, we can determine the maximum quantities of each good that can be purchased if the consumer spends their entire budget on one good alone. For instance, if the consumer buys only books, they can purchase 4 books (20/5), and if they buy only coffee, they can purchase 10 cups (20/2).The isooutlay line thus connects these two points on the graph, representing all possible combinations of books and coffee that the consumer can afford. Any point along the line indicates a combination where the consumer is fully utilizing their budget. Points inside the line indicate underutilization of the budget, while points outside are unattainable given the current budget constraints.Moreover, understanding the isooutlay line is vital when considering changes in income or prices. For instance, if the price of coffee decreases to $1 per cup, the isooutlay line would pivot outward, allowing the consumer to afford more coffee for the same amount of money, thus expanding their consumption possibilities. This shift illustrates how price changes can affect consumer choices and overall market behavior.In conclusion, the isooutlay line is a fundamental concept in consumer theory that aids in understanding how individuals make choices based on their preferences and budget constraints. By visualizing the trade-offs associated with different goods, the isooutlay line provides valuable insights into consumer decision-making processes. As we delve deeper into economic studies, mastering concepts like the isooutlay line will enhance our ability to analyze and predict market trends and consumer behavior effectively.

在经济学领域，理解各种概念和工具对于分析消费者行为和市场动态至关重要。其中一个概念是isooutlay line，它在说明消费者在不同商品之间分配预算时面临的权衡方面发挥着关键作用。isooutlay line表示消费者在给定收入和商品价格的情况下，可以购买的两种商品的所有组合。它基本上帮助可视化消费者必须放弃多少一种商品以获得更多另一种商品，从而突出他们决策中涉及的机会成本。为了更好地理解isooutlay line的重要性，让我们考虑一个关于两种商品的例子：书籍和咖啡。假设一个消费者的预算是20美元，书籍的价格是每本5美元，咖啡的价格是每杯2美元。isooutlay line可以在一个图表上绘制，其中x轴表示书籍的数量，y轴表示咖啡的数量。在这种情况下，表示isooutlay line的方程将是：5B + 2C = 20，其中B是书籍的数量，C是咖啡的杯数。通过重新排列这个方程，我们可以确定消费者如果将整个预算花费在一种商品上，可以购买的最大数量。例如，如果消费者只买书，他们可以购买4本书（20/5），如果他们只买咖啡，他们可以购买10杯（20/2）。因此，isooutlay line连接了图表上的这两个点，表示消费者可以负担得起的书籍和咖啡的所有可能组合。沿着线的任何点都表示消费者充分利用其预算的组合。线内的点表示预算的未充分利用，而线外的点在当前预算限制下是无法达到的。此外，理解isooutlay line在考虑收入或价格变化时至关重要。例如，如果咖啡的价格降至每杯1美元，isooutlay line将向外旋转，使消费者能够用相同的钱负担更多的咖啡，从而扩展他们的消费可能性。这一变化说明了价格变化如何影响消费者选择和整体市场行为。总之，isooutlay line是消费者理论中的一个基本概念，有助于理解个人如何根据其偏好和预算限制做出选择。通过可视化与不同商品相关的权衡，isooutlay line提供了对消费者决策过程的宝贵见解。随着我们深入研究经济学，掌握像isooutlay line这样的概念将增强我们有效分析和预测市场趋势及消费者行为的能力。