grand utility possibility frontier

简明释义

总效用可能前沿

英英释义

例句

1.The grand utility possibility frontier can shift with changes in technology or resources.

grand utility possibility frontier可以随着技术或资源的变化而移动。

2.When analyzing market efficiency, the grand utility possibility frontier provides a useful framework.

在分析市场效率时，grand utility possibility frontier提供了一个有用的框架。

3.In our economics class, we discussed how the grand utility possibility frontier illustrates consumer preferences.

在我们的经济学课堂上，我们讨论了如何通过grand utility possibility frontier来说明消费者偏好。

4.Understanding the grand utility possibility frontier is crucial for making informed economic decisions.

理解grand utility possibility frontier对做出明智的经济决策至关重要。

5.The concept of grand utility possibility frontier helps economists visualize the trade-offs between different goods.

“grand utility possibility frontier”的概念帮助经济学家可视化不同商品之间的权衡。

作文

The concept of the grand utility possibility frontier is a fundamental idea in economics that helps us understand the trade-offs between different goods and services. It represents the maximum level of utility that can be achieved by an economy given its resources and technology. Essentially, it illustrates how much of one good or service can be produced without reducing the production of another. This is crucial for policymakers and economists as they strive to allocate resources efficiently.To better understand the grand utility possibility frontier, we can think of a simple economy that produces two goods: apples and oranges. The frontier shows the various combinations of apples and oranges that can be produced with the available resources. If the economy is operating on the frontier, it means that it is using its resources efficiently. However, if it is producing inside the frontier, it indicates that there are inefficiencies, and more utility could be gained by reallocating resources.Moreover, the grand utility possibility frontier also highlights the concept of opportunity cost. When an economy decides to produce more of one good, it must reduce the production of another good. This trade-off is visualized through the slope of the frontier. A steeper slope indicates a higher opportunity cost, meaning that sacrificing one good for another will require giving up more of the first good.In real-world applications, the grand utility possibility frontier can be used to analyze various economic scenarios. For instance, during times of economic crisis, governments may need to decide whether to allocate resources towards healthcare or education. By understanding the trade-offs represented by the frontier, they can make informed decisions that maximize overall utility for society.Furthermore, the grand utility possibility frontier is not static; it can shift due to changes in technology, resources, or consumer preferences. For example, advancements in agricultural technology may allow an economy to produce more apples without sacrificing orange production, thereby shifting the frontier outward. This shift represents an increase in the potential utility that can be achieved, demonstrating the dynamic nature of economies.In conclusion, the grand utility possibility frontier is a vital tool for understanding the complexities of resource allocation and utility maximization in economics. It provides valuable insights into how economies can operate efficiently and make informed decisions regarding the trade-offs involved in production. By grasping this concept, individuals and policymakers can better navigate the challenges of resource management and contribute to the overall welfare of society.

‘大效用可能性边界’是经济学中的一个基本概念，帮助我们理解不同商品和服务之间的权衡。它代表了在给定资源和技术的情况下，一个经济体可以实现的最大效用水平。实际上，它说明了在不减少另一种商品或服务生产的情况下，可以生产多少一种商品或服务。这对于政策制定者和经济学家来说至关重要，因为他们努力有效分配资源。为了更好地理解‘大效用可能性边界’，我们可以想象一个简单的经济体，生产两种商品：苹果和橙子。边界显示了在可用资源下，可以生产的苹果和橙子的各种组合。如果经济体在边界上运行，这意味着它正在高效利用其资源。然而，如果它在边界内生产，这表明存在低效，通过重新分配资源可以获得更多的效用。此外，‘大效用可能性边界’还突出了机会成本的概念。当一个经济体决定生产更多的一种商品时，必须减少另一种商品的生产。这种权衡通过边界的斜率可视化。较陡的斜率表示更高的机会成本，这意味着为了获得另一种商品，放弃第一种商品的代价会更高。在现实世界的应用中，‘大效用可能性边界’可以用于分析各种经济情景。例如，在经济危机时期，政府可能需要决定是将资源分配到医疗保健还是教育。通过理解边界所代表的权衡，他们可以做出明智的决策，最大化社会的整体效用。此外，‘大效用可能性边界’不是静态的；由于技术、资源或消费者偏好的变化，它可以发生位移。例如，农业技术的进步可能使一个经济体能够在不牺牲橙子生产的情况下生产更多的苹果，从而使边界向外移动。这种位移代表了潜在效用的增加，展示了经济体的动态特性。总之，‘大效用可能性边界’是理解经济学中资源分配和效用最大化复杂性的关键工具。它提供了关于经济如何高效运作和在生产中进行权衡的有价值见解。通过掌握这一概念，个人和政策制定者可以更好地应对资源管理的挑战，并为社会的整体福祉做出贡献。