Alternative choices of consumption

The results of the analysis show that rice consumption in Indonesia influenced by the number of households, rice prices, cooking oil prices, chicken prices, participation in rice consumption, age and social assistance. Price elasticity and income elasticity is inelastic, but income elasticity not statistically significant. There are indications that food diversification is happening, can be seen from consumption decline due to social assistance which provides alternative choices of consumption.

9p cleopatrahuynh 01-06-2020 16 0   Download

The main goals of this chapter are to: Apply production possibilities analysis, increasing opportunity costs, and economic growth; explain how economic growth and international trade increase consumption possibilities; understand graphs, curves, and slopes as they relate to economics.

14p dien_vi03 08-10-2018 33 0   Download

An alternative conception of consumer choice has recently gained the attention of economists, which allows for two closely related departures from the standard model. First, consumers may have dynamically inconsistent preferences. Second, as a rational response to this dynamic inconsistency, the consumer may use external commitment devices or personal rules in an attempt to limit overspending. We use data from a large, representative sample of households in the UK to test the relevance of these twin predictions in the field.

58p bin_pham 06-02-2013 42 3   Download