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Ujjwal Sancheti
Subject: Economics
, asked on 2/10/17
Q. How satisfaction (according to cardinal approach) can be measured in terms of money or sacrifice.Please explain with appropriate examples. (- 6 marks)
Cardinal Approach
On the contrary, the Cardinal Approach postulates that it is possible for a consumer to measure (assign value to) the level of satisfaction that he/she derives from the consumption of a particular good or service. This valuation of satisfaction can be done in various ways such as, in terms of a subjective units called 'utils', in terms of money (monetary terms) or in terms of sacrifice of other goods and services (opportunity cost).
Answer
1
Vibhav
Subject: Economics
, asked on 28/9/17
explain the impact of Introduction of VAT on Automobile sector in India outlining the status of automobile industry in india pre and post introduction of VAT
Did the sales go up??
what was the impact on demand,prices after the introduction of VAT???
Did it lead to a positive or negative impact on automobile industry????
please explain in detail and give a big answer I need it for my Eco Project
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 17/9/17
Explain how MRS of budget line and indifference curve are equal
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 17/9/17
Explain consumer equilibrium with help of budget line and indifference curve
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 17/9/17
.Explain shift and rotation in budget line
Answer
2
Ipsita Chakravarty
Subject: Economics
, asked on 17/9/17
Substitution and price and income effect in different types of goods normal goods, inferior goods and giffen goods .please answer soon.
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 17/9/17
Effect of demand on consumer equilibrium.please answer soon
Answer
1
Ipsita Chakravarty
Subject: Economics
, asked on 15/9/17
Give some important questions of all chapters of microeconomics
Answer
2
Shelly Bothra
Subject: Economics
, asked on 11/9/17
A consumer consumes only two goods X and Y. Marginal utilities of X and Y are 4 and 3 respectively. Price of x and price of y is 3 per unit, is consumer in equilibrium? What will be further reaction of the consumer Give reasons.
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 3/9/17
Q. What is meant by returns to a factor? What leads to increasing the returns to a factor? Explain.
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 3/9/17
Q. What is meant by returns to a factor? State the law of diminishing returns to a factor?
Answer
1
Arunima Jalali
Subject: Economics
, asked on 24/8/17
When income and both px and py change by same percentage and in same direction what happens to budget line and why
Answer
1
Pranshu Sanghai
Subject: Economics
, asked on 17/8/17
Question 47.
Please explain. Urgent
Answer
2
Ujjwal Sancheti
Subject: Economics
, asked on 17/8/17
Why shift in budget line is parallel in case of increase and/or decrease in income of the consumer? (3marks)
Answer
1
Kalyan Hazra
Subject: Economics
, asked on 12/8/17
please check the answer
Q when two curves intersects each other,which one is more elastic?
Answer
1
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Cardinal Approach
On the contrary, the Cardinal Approach postulates that it is possible for a consumer to measure (assign value to) the level of satisfaction that he/she derives from the consumption of a particular good or service. This valuation of satisfaction can be done in various ways such as, in terms of a subjective units called 'utils', in terms of money (monetary terms) or in terms of sacrifice of other goods and services (opportunity cost).
Did the sales go up??
what was the impact on demand,prices after the introduction of VAT???
Did it lead to a positive or negative impact on automobile industry????
please explain in detail and give a big answer I need it for my Eco Project
Q. What is meant by returns to a factor? What leads to increasing the returns to a factor? Explain.
Q. What is meant by returns to a factor? State the law of diminishing returns to a factor?
Please explain. Urgent
Q when two curves intersects each other,which one is more elastic?