1. Consumer’s equilibrium 2. What is Utility and its concepts? • Satisfying power of a commodity Total utility • Sum total of utilities derived from consumption of…
1. UTILITY ANALYSIS OF DEMAND 2. Basic assumptions of Marginal Utility AnalysisCardinal measurement of utility:- It is assumed that utility can be measured and can be given…
A PROJECT REPORT ON “MARGINAL UTILITY DECREASES FROM THE VERY SECOND UNIT OF CONSUMPTION BUT EXCEPTIONAL CASES MAY HAPPEN” Under the guidance of FACULTY CO-ORDINATOR…
1. 1DEMAND ANALYSIS DEMAND DETERMINANTS, LAW OF DEMAND AND ITS EXCEPTIONS Introduction: The scope of economics broadly comprises 1. Consumption: - it deals with the behaviour…
Slide 1Theory of Consumer Behaviour Topic no. 4 Slide 2 Introduction Each consumer has to face the problem of multiplicity of wants and limited income. In such state of affairs…
Slide 1 Slide 2 Uncertainty and Information CHAPTER 19 Slide 3 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1 Explain…
Slide 1The Basic Market Equation Price Theory Slide 2 What do markets do? Do markets tell us the value of things? What is value? Why are diamonds worth more than water? Use…