Some examples of word usage: utility function
1. A utility function is a mathematical formula that represents an individual's preferences over different goods and services.
一个效用函数是一个数学公式,代表一个人对不同商品和服务的偏好。
2. Economists use utility functions to analyze consumer behavior and make predictions about their choices.
经济学家使用效用函数来分析消费者行为,并对他们的选择做出预测。
3. The shape of a utility function can vary depending on an individual's preferences and the context in which they are making decisions.
效用函数的形状可以根据个人的偏好和决策背景而变化。
4. Utility functions are often used in microeconomic theory to model how consumers make trade-offs between different goods and services.
效用函数经常被用来在微观经济理论中模拟消费者如何在不同商品和服务之间做出权衡。
5. By maximizing their utility function, consumers can make decisions that will maximize their overall satisfaction or well-being.
通过最大化他们的效用函数,消费者可以做出能最大化他们整体满意度或幸福感的决策。
6. Utility functions are a key concept in economics that help us understand how individuals make choices and allocate their resources.
效用函数是经济学中的一个关键概念,有助于我们理解个人如何做出选择并分配资源。