【導讀】Content:. Theruleofchoice. Budget. Demandfunction. WAanddemandedlaw. An(acceptable)alternativesset(ora. A(weak)preferencerelation“”:abinary. Astrictpreference“”:. k???X. ,xy?Xxy%. ,butnotxyxyyx?%%. ,andxyxyyx?%%. It’splete:. It’sreflexive:. It’stransitive:. ,,eitheror,orbothxyxyyx?X%%. ,xxx??X%. ,,,ifand,thenxyzxyyzxz?X%%%. If. Budgetset:and,isa. thedecision-makermusttake.Choicerule:,B?BandBB???XB. (),forCBBB??B(.)C??(WARPorWA):ifforcertain,andforand,RevealedPreference“”:. B?B. ,xyB?()xCB?B??B()yCB??,xyB??()xCB??%. ,,,and()xyBxyBxCB???????B%. Choiceset. (,(.,))C?%B. (,){:,}CBxBxyyB?????%%. Definition:for,wesay“rational. example:X={x,y,z},B={{x,y},{y,z},{x,z}},(,(.,))C?%B. (,(.,))C?%B. withthewealthw>0.Definition:Walras(petive)budgetset. n??p. (,){:}nBww??????pxpx. function.(,)and0,0wpw??xxp