I've checked the past exams and this is not a prelim question. Must be a homework question then. The question reads like this:
Assume your preference over food is described by the following function U(t,h), where "t" stands for the tastiness of the food and "h" stands for the healthiness of the food. Your utility is strictly increasing in both dimensions of food: you like the food better if it is more tasty(t higher) or if it is more healthy(h higher).
Prove: If you want to sustain a constant level of utility, then among the food that you eat, junk food must be tasty.
Well.... this is embarrassingly easy to prove. We want U(t,h) to be a constant and it is strictly increasing in both arguments, therefore:
such that ,
we must have
.
This is really just a complicated way to say, 鱼与熊掌不可得兼。
The implication is actually quite interesting. It is not that we don't enjoy something both tasty and healthy ---- suppose such food exists, then we can always twist it so that it becomes a little bit more a tastier and a little bit less healthier ---- yet we enjoy it the same. Repeat the twisting many times, then at the end of the day, among the food that we choose to eat, the really tasty ones must be the least healthy ones as well.
Hello there. Sorry to bother you, but you are (titularly at least) a member of WP:WikiProject Economics, as defined by this category. If you don't know me, I'm a Wikipedia administrator, but an unqualified economist. I enjoy writing about economics, but I'm not very good at it, which is why I would like to support in any way I can the strong body of economists here on Wikipedia. I'm only bothering you because you are probably one of them. Together, I'd like us to establish the future direction of WikiProject Economics, but first, we need to know who we've got to help.
Whatever your area of expertise or level of qualification, if you're interested in helping with the WikiProject (even if only as part of a larger commitment to this wonderful online encyclopedia of ours), would you mind adding your signature to this page? It only takes a second. Thank you.
Firstly, thank you for signing the census, and an apology if you are one of those editors who dislike posts such as this one for messaging you again in this way. I've now got myself organised and you can opt-out of any future communication at WP:WikiProject Economics/Newsletter. Just remove your name and you won't be bothered again.
Secondly, and most importantly, I would like to invite your comments on the census talk page about the project as a whole. I've given my own personal opinion on a range of topics, but my babbling is essentially worthless without your thoughts - I can't believe for one moment that everyone agrees with me in the slightest! :)
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From the (self-appointed) editor
Hello to all the economists who signed up on the census (covered in more detail below) and whom I have boldly signed up for this, the first in hopefully a long line of WikiProject Economics newsletters. The aim is simple: to distribute the project's news and developments in order that every member gets the opportunity to contribute to their fullest. It mirrors the ideals of any WikiProject: to support and assist.
In creating this, on a whim, I have picked a name and stolen the layout of the Military History WikiProject's newsletter. If you have any comments or suggestions, feel free to leave them on the main newsletter talk page. The non-talk version of that page is also the place to unsubscribe yourself from the newsletter, which, for the moment, I anticipate will be monthly.
Skysmith has posted an updated list of missing economics topics. Most will need redirecting or new articles written to blueify them, so, if you can lend a hand with the effort, please do. There are some from virtually all areas of economics and hence to suit all tastes.
A big thank you to everyone who signed the census, an attempt to renew the project's membership list. Jarry1250 explained its purpose: "once we know how many active participants we have... we can make sure no interested parties get left out of discussions; ...to get everyone included. Not just to make them feel involved, but also to actively try to make them more involved [in the supportive atmosphere of the WikiProject]". Around forty editors, with a good range of specialisms and interests, have currently signed to show their activity, and it is still open for more.
A series of discussions have been commenced on the census talkpage about what, if anything, should be done to strengthen the Project. All comments are welcomed on a range of topics: the economic style guide, weight guidelines, notability and the creation of this newsletter. Other discussions, on categorisation, tagging and compiling an accurate list of unreferenced BLPs, are currently active.
Your comments are invited in the following other ongoing project discussions:
To start/stop receiving this newsletter, please add/remove your name from the list here. Thank you. This newletter was delivered to you by Jarry1250 at around 10:45, 1 May 2010 (UTC)[reply]
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From the editor
Sticking to my promise of sending these out monthly, it's time for the June edition of Positively Economics, covering the events of May, which has passed relatively quietly for the project.
Nevertheless, Wikipedia is a wiki, and things can change quickly and often without much notice. All contributions can be, and often are, important, regardless of how trivial they may seem. I, for example, have been working on our new list of unsourced BLPs, having added a significant number of economists to the project earlier in the month. But more on that in the newsletter itself.
Skysmith has posted an updated list of missing economics topics. Most will need redirecting or new articles written to blueify them, so, if you can lend a hand with the effort, please do. There are some from virtually all areas of economics and hence to suit all tastes.
A whole swath of articles have been added to the WikiProject recently, mainly on notable economists. They are yet to be assessed on their talk pages; this also provides a good opportunity to check and improve some of our least monitored articles.
Before the articles about economists were added, the project had very few unsourced biographies of living people; now there are a little over a hundred. If we can clear them, however, then it is unlikely that there will be many more. Again, they represent some of our least cared-for articles, and often present good targets for cleaning up.
Your comments are invited in the following other ongoing project discussions and requests for help:
To start/stop receiving this newsletter, please add/remove your name from the list here. Thank you. This newletter was delivered to you by User:Jarry1250 at around 14:50, 1 June 2010 (UTC)[reply]
Use the show/hide button to display or hide this newsletter.
From the editor
Sticking to my promise of sending these out monthly, it's time for the July edition of Positively Economics, covering the events of June.
It's been another constructive month for the project. Wikipedia remains, as ever, a very popular source of information about basic economic theory, as well as for biography and more specialised topics, and we shouldn't forget that contributions to these core articles remains our greatest strength. Onwards and upwards, as they say, for another month.
Skysmith has posted an updated list of missing economics topics. Most will need redirecting or new articles written to blueify them, so, if you can lend a hand with the effort, please do. There are some from virtually all areas of economics and hence to suit all tastes.
A whole swath of articles have been added to the WikiProject recently, mainly on notable economists. They are yet to be assessed on their talk pages; this also provides a good opportunity to check and improve some of our least monitored articles.
Before the articles about economists were added, the project had very few unsourced biographies of living people; now there are a little over a hundred. If we can clear them, however, then it is unlikely that there will be many more. Again, they represent some of our least cared-for articles, and often present good targets for cleaning up.
Your comments are invited in the following other ongoing project discussions and requests for help:
To start/stop receiving this newsletter, please add/remove your name from the list here. Thank you. This newletter was delivered to you by User:Jarry1250 at around 19:48, 1 July 2010 (UTC)[reply]
Use the show/hide button to display or hide this newsletter.
From the editor
After a brief intermission over the Northern hemisphere summer season and the Southern hemisphere's mid-winter, Positively Economics is back. In recent weeks it has been my privilege to work on countering systemic bias with a couple of articles on the economic history of Uganda. Projects like these help, little by little, to open up new areas on knowledge to Western audiences. Indeed, with English in the ascendancy when it comes to second languages, many other audiences too.
Both of the new creations made the front page via the Did you know? section for newly-created or significantly expanded articles. I would encourage other editors, particularly those who like badges, to try to get more economics articles onto the front page through this and other sections. Those with a particularly competitive bent might also wish to consider signing up for the 2011 Wikicup (great for focussing the mind).
- Jarry1250[Humorous? Discuss.]18:55, 1 September 2010 (UTC)[reply]
New bot
User:LivingBot has just been approved on Wikimedia Commons to compile and upload SVG graphs based on monthly time series of, for example, UK interest rates (illustrated). It will then revisit these on a monthly basis to update them with the latest information. If you would like to bot to create and update a graph for you, get in touch with its operator.
Skysmith has posted an updated list of missing economics topics. Most will need redirecting or new articles written to blueify them, so, if you can lend a hand with the effort, please do. There are some from virtually all areas of economics and hence to suit all tastes.
A whole swath of articles have been added to the WikiProject recently, mainly on notable economists. They are yet to be assessed on their talk pages; this also provides a good opportunity to check and improve some of our least monitored articles.
Before the articles about economists were added, the project had very few unsourced biographies of living people; now there are a little over a hundred. If we can clear them, however, then it is unlikely that there will be many more. Again, they represent some of our least cared-for articles, and often present good targets for cleaning up.
Your comments are invited in the following other ongoing project discussions and requests for help:
Hi. The Wikipedia:WikiProject Asia/The 10,000 Challenge has recently started, based on the UK/Ireland Wikipedia:The 10,000 Challenge and Wikipedia:WikiProject Africa/The 10,000 Challenge. The idea is not to record every minor edit, but to create a momentum to motivate editors to produce good content improvements and creations and inspire people to work on more countries than they might otherwise work on. There's also the possibility of establishing smaller country or regional challenges for places like South East Asia, Japan/China or India etc, much like Wikipedia:The 1000 Challenge (Nordic). For this to really work we need diversity and exciting content and editors from a broad range of countries regularly contributing. At some stage we hope to run some contests to benefit Asian content, a destubathon perhaps, aimed at reducing the stub count would be a good place to start, based on the current Wikipedia:WikiProject Africa/The Africa Destubathon which has produced near 200 articles in just three days. If you would like to see this happening for Asia, and see potential in this attracting more interest and editors for the country/countries you work on please sign up and being contributing to the challenge! This is a way we can target every country of Asia, and steadily vastly improve the encyclopedia. We need numbers to make this work so consider signing up as a participant! Thank you. --Ser Amantio di NicolaoChe dicono a Signa?Lo dicono a Signa.05:20, 20 October 2016 (UTC)[reply]