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Explain the conditions of consumer's equilibrium in case of (1) single commodity and (2) two commodities. Use utility approach.
A consumer consumes only two goods X and Y and is in equilibrium.,price of X falls..Explain the reaction of the consumer through utility analysis.??
what are the four basic limitations of utility analysis?
difference between budget set and budget line?
what do we mean by the initial utility?
production possibility curve is concave to the origin. explain with the help of a numerical example.....
Suppose a consumer can buy 5 units of good x and 4 units of good y, if he spends his entire income. the price of good x in Rs.10 n good y is Rs.12. calculate income of the consumer.
Explain why the budget line is downward sloping.
Why slope of Budget line is represented by Price Ratio?
Explain consumers equilibrium through indifference curve analysis?
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and diagram.
who is a rational consumer
Ice cream sells for Rs. 20. Mohini who likes ice- cream has already consumed 4. Her Marginal utlility of one rupee is 4. Should she consumes more ice cream or stop consuming and Why?
What is market demand function?
what is the difference between utility and usefulness?????
how many ice creams will a consumer have if ice cream is available free of cost ?
Give the situation in which the determinants of budget line change but the budget line does not change.
1 explain the conditions of consumer equilibrium with the help of marginal utility analysis?
2 explain cardinal and ordinal approach or concepts of utility with examples?
Given the market price of a good,how does a consumer decide as to how many units of that goods to buy? Explain
Possibility of Postponement of Demand- Demand for those commodities whose consumption can be postponed will be price elastic. As against this, those commodities that are urgently required and whose consumption cannot be postponed will have an inelastic demand.
i don't understand this
cb sachdeva microeconomics solutions
A good is an inferior good for one and at the same time a normal good for another consumer. Do you agree? Explain.
what will happen if marginal rate of substitution is not equal to slope of price line ie. MRS is not equal to Px/Py ?
explain both the possibilities ?
Explain law of diminishing marginal utility with the help of utility schedule.
pls can u explain me budget set with the help of n easy example or a diagram pls explain me this concept in an easy manner??????
what is Law of demand ? Assumption of law of demand / Explain
why do household buy more of a commodity at a lower price?
What is Law of equi marginal utility?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
difference between ordinal and cardinal measurement of utility ( 4 marks )
When does a consumer buys less of a commodity at a given price ?
explain the reaction of consumer when 1. price ratio is higher than MRS 2. price ration is lower than MRS
Why budget line is a straight line ?
what is the meaning of indifference set
Distinguish between Substitute goods and Complementary goods.
define law of demand. discuss its assumptions and factors affecting demand
How is PPC affected by unemployment in the economy? Exaplain.
What is the difference between demand and quantity demanded?
if two demand curves intersect which one has the higher price elasticity.
Explain why an indifference curve to the right shows higher utility level.
What is cross elasticity of demand ? Explain it with examples?
Law of Demand is a qualitative statement. Comment.
What are giffen goods? Explain with an example...
Explain Consumer Equilibrium with the help of IC Curve?
I asked this question related to inferior good ,
https://www.meritnation.com/ask-answer/question/show-the-demand-curve-of-an-inferior-good-does-the-quan/theory-of-consumer-behaviour/4442875
Expert said that inferior is not an exception oflaw of demand , but everywhere on the Internet and in my economics book it's the first exception .
It says that increase in the price of an inferior good increases the demand for that good
What is right ?
why marginal utility of money is constant in utility analysis?
Q.A consumer consumes only 2 goods X and Y and is in equilibrium.Price of X rises.explain the reaction of the consumer with the help of utility analysis.wat is the answer for this question
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Syllabus
Explain the conditions of consumer's equilibrium in case of (1) single commodity and (2) two commodities. Use utility approach.
A consumer consumes only two goods X and Y and is in equilibrium.,price of X falls..Explain the reaction of the consumer through utility analysis.??
what are the four basic limitations of utility analysis?
difference between budget set and budget line?
Solution : The maximum contribution may come from the charge 8q forming pairs with others. To reduce its effect, it should be placed at a corner and the smallest charge q in the middle.
what do we mean by the initial utility?
production possibility curve is concave to the origin. explain with the help of a numerical example.....
Suppose a consumer can buy 5 units of good x and 4 units of good y, if he spends his entire income. the price of good x in Rs.10 n good y is Rs.12. calculate income of the consumer.
Explain why the budget line is downward sloping.
scarcity refers to a situation when demand exceeds its supply even at zero price .
Why slope of Budget line is represented by Price Ratio?
Explain consumers equilibrium through indifference curve analysis?
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and diagram.
who is a rational consumer
Ice cream sells for Rs. 20. Mohini who likes ice- cream has already consumed 4. Her Marginal utlility of one rupee is 4. Should she consumes more ice cream or stop consuming and Why?
What is market demand function?
what is the difference between utility and usefulness?????
how many ice creams will a consumer have if ice cream is available free of cost ?
Give the situation in which the determinants of budget line change but the budget line does not change.
1 explain the conditions of consumer equilibrium with the help of marginal utility analysis?
rn2 explain cardinal and ordinal approach or concepts of utility with examples?
Given the market price of a good,how does a consumer decide as to how many units of that goods to buy? Explain
Possibility of Postponement of Demand- Demand for those commodities whose consumption can be postponed will be price elastic. As against this, those commodities that are urgently required and whose consumption cannot be postponed will have an inelastic demand.
i don't understand this
cb sachdeva microeconomics solutions
2...suppose there three bundles containing good 1 and good 2:bundle (10,10);bundle(10,9)and bundle(7,10).which bundle will be preferred by the consumer , if he has monotonic upreferences?
PLZ PLZ GIVE ANSWER TODAY PLZ TOMORROW EXAM PLZZZZZ
A good is an inferior good for one and at the same time a normal good for another consumer. Do you agree? Explain.
what will happen if marginal rate of substitution is not equal to slope of price line ie. MRS is not equal to Px/Py ?
explain both the possibilities ?
Explain law of diminishing marginal utility with the help of utility schedule.
pls can u explain me budget set with the help of n easy example or a diagram pls explain me this concept in an easy manner??????
what is Law of demand ? Assumption of law of demand / Explain
why do household buy more of a commodity at a lower price?
What is Law of equi marginal utility?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
difference between ordinal and cardinal measurement of utility ( 4 marks )
When does a consumer buys less of a commodity at a given price ?
MUX by PX is equal to MUM when ''X'' happen to be a domestic fuel LPG and PX is lowered by the way os subsidy by the government.
explain the reaction of consumer when 1. price ratio is higher than MRS 2. price ration is lower than MRS
Why budget line is a straight line ?
what is the meaning of indifference set
1. demand for needles
2. demand for petrol
3. demand for textbooks
4. demand for seasonal vegetables
5. demand for milk
Distinguish between Substitute goods and Complementary goods.
define law of demand. discuss its assumptions and factors affecting demand
How is PPC affected by unemployment in the economy? Exaplain.
What is the difference between demand and quantity demanded?
if two demand curves intersect which one has the higher price elasticity.
MUX by PX > MUY by PY
explain how the consumer will react.
Explain why an indifference curve to the right shows higher utility level.
MU Schedule :-
Unit MUx MUy
1 88 40
2 72 36
3 64 24
4 56 20
5 48 16
6 40 12
7 32 08
8 24 04
9 16 00
10 08 00
What is cross elasticity of demand ? Explain it with examples?
Law of Demand is a qualitative statement. Comment.
What are giffen goods? Explain with an example...
i)more of pizza and less coke,
ii)more of cork and less of pizza,
iii)both at optional level s
iv) same quantity of both
Explain Consumer Equilibrium with the help of IC Curve?
I asked this question related to inferior good ,
https://www.meritnation.com/ask-answer/question/show-the-demand-curve-of-an-inferior-good-does-the-quan/theory-of-consumer-behaviour/4442875
Expert said that inferior is not an exception oflaw of demand , but everywhere on the Internet and in my economics book it's the first exception .
It says that increase in the price of an inferior good increases the demand for that good
What is right ?
why marginal utility of money is constant in utility analysis?
Q.A consumer consumes only 2 goods X and Y and is in equilibrium.Price of X rises.explain the reaction of the consumer with the help of utility analysis.wat is the answer for this question