Sentence examples for additional unit of consumption from inspiring English sources

Consumption is also thought to have diminishing marginal utility, i.e. a poorer person will value an additional unit of consumption more than his richer cousin.

Therefore, any additional unit of consumption adds to utility, and it is optimal to consume all of the payoffs, which justifies to write the budget constraints as equalities (Lengwiler 2004, p. 52).

The meaning of (3) is as follows: Since θ additional units of the consumption good are necessary due to the carbon tax incurred, the effective price of the consumption good/CO2 price becomes 1 + θ, as in the second term of (3) (note that from (1), a unit of consumption is assumed to emit a unit of CO2).

Equation (5) represents the standard optimal consumption-leisure choice: the marginal utility of consumption times the foregone consumption units as a result of one additional unit of leisure, the latter being (theta ^iw_t left( {1-tau _1^i-n_t^i times frac{partial tau _1^i }{partial n_t^i }}right) ), must equal the marginal utility of leisure.

The atomic unit of consumption is one computational unit for one hour.

The additional units for wasteful consumption came by depriving the rural communities of water for drinking and irrigation.

Developers receive a negotiable bonus of additional units when they use the law.

These activities were recognized as a measurable minimum unit of the consumption of resources.

Sara Lee executives said the company could divest itself of additional units in the coming year.

We further added the self-reported number of units of alcohol consumption to this model as alcohol consumption has been shown to affect AA levels [ 22].

With probability ((1-p)) the technology returns (0) units of the consumption good.