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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.??
Explain law of diminishing marginal utility with the help of utility schedule.
what are the four basic limitations of utility analysis?
difference between budget set and budget line?
production possibility curve is concave to the origin. explain with the help of a numerical example.....
Explain why the budget line is downward sloping.
Explain consumers equilibrium through indifference curve analysis?
Price elasticity of demand for a commodity is unity and a household demands 50 units of it when its price is Rs 2 per unit. At what price will the household demands 45 units of the commodity?
who is a rational consumer
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 ?
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
difference between law of DMU law of Equi marginal utility? 6 points [6 marks]
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.
why is unitary elastic demand curve rectangular at hyperbola ?
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 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 ?
what is Law of demand ? Assumption of law of demand / Explain
why do household buy more of a commodity at a lower price?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
What is Law of equi marginal utility?
what do we mean by the initial utility?
difference between ordinal and cardinal measurement of utility ( 4 marks )
When does a consumer buys less of a commodity at a given price ?
what is the meaning of indifference set
explain the reaction of consumer when 1. price ratio is higher than MRS 2. price ration is lower than MRS
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.
Distinguish between Substitute goods and Complementary goods.
define law of demand. discuss its assumptions and factors affecting demand
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and diagram.
How is PPC affected by unemployment in the economy? Exaplain.
Why slope of Budget line is represented by Price Ratio?
What is the difference between demand and quantity demanded?
if two demand curves intersect which one has the higher price elasticity.
Why budget line is a straight line ?
Explain why an indifference curve to the right shows higher utility level.
what will be MRS when consumer is in equilibrium
What is cross elasticity of demand ? Explain it with examples?
Law of Demand is a qualitative statement. Comment.
Explain consumer equilibrium with the help of indifference curve approach. Explain with the help of diagram.
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 ?
Consider the demand curve D(p)=10-3p. What is the elasticity at price 5/3? Please explain in detail.
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.
I got a project in economics Demand and its Determinants
What should I do .
And which product should i choose for the project as i have to show it in the graph .
Pls give some interesting options ............
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.??
Explain law of diminishing marginal utility with the help of utility schedule.
what are the four basic limitations of utility analysis?
difference between budget set and budget line?
his/her health and property, there is a provision for compensating him/her. Besides, this Act has also some expectations from the consumers. That during the course of his/her purchases he/she should keep certain things in mind. Briefly, provisions of the Act can protect the consumer only when he/she has complied with certain fundamental things.
The very next day of this lesson, Surekha purchased an ISI marked Heater from Bharti Appliances. She made cash payment. But failed to get Cash Memo. While making use of the heater she observed that it was not working properly. She contacted the shopkeeper immediately and told him her problem. Shopkeeper paid no heed to her complaint. Rather he remarked that the good in question was not bought from his shop.
(i) Identify and explain the right and responsibility of the consumer as referred to in the above paragraph.
(ii) In a addition to the right and responsibility of the consumer identified in point (i) write one more right and one responsibility.
(iii) Can Surekha lodge a complaint against the shopkeeper?
production possibility curve is concave to the origin. explain with the help of a numerical example.....
Explain why the budget line is downward sloping.
scarcity refers to a situation when demand exceeds its supply even at zero price .
Explain consumers equilibrium through indifference curve analysis?
Price elasticity of demand for a commodity is unity and a household demands 50 units of it when its price is Rs 2 per unit. At what price will the household demands 45 units of the commodity?
who is a rational consumer
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 ?
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
difference between law of DMU law of Equi marginal utility? 6 points [6 marks]
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.
why is unitary elastic demand curve rectangular at hyperbola ?
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 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 ?
what is Law of demand ? Assumption of law of demand / Explain
why do household buy more of a commodity at a lower price?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
What is Law of equi marginal utility?
what do we mean by the initial utility?
difference between ordinal and cardinal measurement of utility ( 4 marks )
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
When does a consumer buys less of a commodity at a given price ?
what is the meaning of indifference set
explain the reaction of consumer when 1. price ratio is higher than MRS 2. price ration is lower than MRS
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.
Distinguish between Substitute goods and Complementary goods.
define law of demand. discuss its assumptions and factors affecting demand
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and diagram.
How is PPC affected by unemployment in the economy? Exaplain.
Why slope of Budget line is represented by Price Ratio?
What is the difference between demand and quantity demanded?
if two demand curves intersect which one has the higher price elasticity.
Why budget line is a straight line ?
Explain why an indifference curve to the right shows higher utility level.
Slope of demand curve is-2. Calculate price elasticity of demand for a commodity when demand is 20 units..
what will be MRS when consumer is in equilibrium
What is cross elasticity of demand ? Explain it with examples?
Law of Demand is a qualitative statement. Comment.
Explain consumer equilibrium with the help of indifference curve approach. Explain with the help of diagram.
What are giffen goods? Explain with an example...
(i) price rises from rupees 15 to rupees 20 ;
(ii) price falls from rupees 20 to rupees 15 .
(experts please give the answers with same numbers which is provided in question don’t change the numbers and don’t provide any link.)
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 ?
Consider the demand curve D(p)=10-3p. What is the elasticity at price 5/3? Please explain in detail.
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