homogeneous demand function

简明释义

齐次需求函数

英英释义

A homogeneous demand function is a mathematical representation of consumer demand that exhibits constant returns to scale, meaning that if all inputs are increased by a certain proportion, the output (demand) will increase by the same proportion.

齐次需求函数是消费者需求的数学表示,具有规模报酬不变的特性,即如果所有输入按一定比例增加,输出(需求)也将按相同比例增加。

例句

1.When analyzing consumer behavior, it's important to consider whether the homogeneous demand function applies to the market.

在分析消费者行为时,考虑市场是否适用同质需求函数是很重要的。

2.The concept of a homogeneous demand function is crucial for developing effective pricing strategies.

理解同质需求函数的概念对于制定有效的定价策略至关重要。

3.Understanding the homogeneous demand function helps businesses predict how changes in pricing will affect overall sales.

理解同质需求函数有助于企业预测价格变化将如何影响整体销售。

4.A linear homogeneous demand function can simplify the calculations for economists studying market equilibrium.

线性同质需求函数可以简化经济学家研究市场均衡的计算。

5.In economics, a homogeneous demand function refers to a demand function where the quantity demanded changes proportionally with changes in all prices and income.

在经济学中,同质需求函数指的是一种需求函数,其中需求量随着所有价格和收入的变化而成比例地变化。

作文

In economics, understanding consumer behavior is crucial for predicting market trends and making informed business decisions. One of the key concepts that economists use to analyze demand is the homogeneous demand function. This term refers to a mathematical representation of demand where the quantity demanded changes proportionally with changes in prices and income. Essentially, if we increase or decrease both the price of a good and the consumer's income by the same percentage, the quantity demanded will remain unchanged. This characteristic makes the homogeneous demand function particularly useful in various economic models.To illustrate this concept further, let’s consider a simple example. Imagine a market with a specific product, such as smartphones. If the price of smartphones rises by 10% and consumers’ incomes also increase by 10%, the homogeneous demand function suggests that the quantity demanded will not change. This property highlights the relationship between price sensitivity and consumer income, allowing businesses to strategize pricing and marketing efforts effectively.The homogeneous demand function is often used in conjunction with other economic theories, such as the law of demand, which states that, all else being equal, an increase in the price of a good will lead to a decrease in the quantity demanded. However, the homogeneous demand function adds another layer of complexity by considering how changes in income can offset price increases.Moreover, this concept is instrumental in deriving demand elasticities, which measure how responsive consumers are to changes in price and income. By analyzing the homogeneous demand function, economists can determine whether a product is elastic or inelastic. For instance, luxury items tend to have more elastic demand, meaning that a small change in price can lead to a significant change in quantity demanded. In contrast, essential goods often exhibit inelastic demand, where quantity demanded remains relatively stable despite price fluctuations.Understanding the homogeneous demand function also aids policymakers in crafting effective economic policies. For example, during economic downturns, governments may implement tax cuts or subsidies to stimulate consumer spending. By knowing how demand functions respond to these changes, policymakers can better predict the outcomes of their interventions and adjust their strategies accordingly.In conclusion, the homogeneous demand function is a pivotal concept in economic theory that helps explain the relationship between price, income, and quantity demanded. By grasping this concept, businesses and policymakers can make more informed decisions that align with consumer behavior. As markets continue to evolve, the relevance of the homogeneous demand function will persist, serving as a foundational tool for understanding and predicting market dynamics. The ability to analyze demand through this lens not only enhances economic analysis but also equips stakeholders with the insights needed to navigate the complexities of consumer markets effectively.

在经济学中,理解消费者行为对于预测市场趋势和做出明智的商业决策至关重要。经济学家用来分析需求的关键概念之一是均匀需求函数。这个术语指的是一种需求的数学表示,其中需求量随着价格和收入的变化而成比例地变化。本质上,如果我们将商品的价格和消费者的收入同时增加或减少相同的百分比,则需求量将保持不变。这一特性使得均匀需求函数在各种经济模型中尤其有用。为了进一步说明这一概念,让我们考虑一个简单的例子。设想一个特定产品的市场,例如智能手机。如果智能手机的价格上涨10%,而消费者的收入也增加10%,那么均匀需求函数表明需求量将不会改变。这一属性突显了价格敏感性与消费者收入之间的关系,使企业能够有效地制定定价和营销策略。均匀需求函数通常与其他经济理论结合使用,例如需求法则,该法则指出,在其他条件相等的情况下,商品价格的上涨将导致需求量的减少。然而,均匀需求函数通过考虑收入变化如何抵消价格上涨,为这一法则增加了另一层复杂性。此外,这一概念在导出需求弹性方面也具有重要意义,需求弹性衡量消费者对价格和收入变化的响应程度。通过分析均匀需求函数,经济学家可以确定某一产品是弹性还是缺乏弹性。例如,奢侈品往往具有更高的需求弹性,这意味着价格的小幅变化可能导致需求量的显著变化。相反,必需品通常表现出缺乏弹性的需求,即使价格波动,需求量仍然相对稳定。理解均匀需求函数还帮助政策制定者制定有效的经济政策。例如,在经济衰退期间,政府可能会实施减税或补贴以刺激消费者支出。通过了解需求函数对这些变化的响应,政策制定者可以更好地预测其干预措施的结果,并相应调整策略。总之,均匀需求函数是经济理论中的一个关键概念,有助于解释价格、收入和需求量之间的关系。通过掌握这一概念,企业和政策制定者能够做出更符合消费者行为的明智决策。随着市场的不断发展,均匀需求函数的相关性将持续存在,作为理解和预测市场动态的基础工具。通过这一视角分析需求的能力,不仅增强了经济分析,还为利益相关者提供了有效应对消费者市场复杂性的见解。

相关单词

homogeneous

homogeneous详解:怎么读、什么意思、用法