Determination of Break-Even Point through Consumer Preference Relation

The Batuk Pub Date : 2021-09-17 DOI:10.3126/batuk.v7i2.39503
G. Pradhan, Phanindra Kumar Katel
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Abstract

Social choice theory beliefs about how the consumers function to chose their interested goods and services. Preference relation with affine indifference curves that has a concave representation has a linear utility representation. This study asks how individual preference relations might be combined to give a single ordering which captures the overall wishes of the group of individuals. There are certain properties that one would like such a utility rule, utility have thus become a more abstract concept that is not necessarily solely based on the satisfaction or pleasure received. Concept of cardinal utility is studied in three different situations Debreu (1958) gave quite different approach. This study maintains link between mathematical theory and financial concept to determine break-even point through the consumers’ preference relation.
通过消费者偏好关系确定盈亏平衡点
社会选择理论认为消费者是如何选择他们感兴趣的商品和服务的。具有凹表示的仿射无差异曲线的偏好关系具有线性效用表示。这项研究询问如何将个人偏好关系结合起来,给出一个单一的排序,从而捕捉到一组个人的总体愿望。有某些属性,人们会喜欢这样的效用规则,效用因此成为一个更抽象的概念,不一定仅仅基于所获得的满足或快乐。基数效用的概念在三种不同的情况下进行了研究,Debreu(1958)给出了截然不同的方法。本研究维持数学理论与金融概念之间的连结,透过消费者偏好关系来确定盈亏平衡点。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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