Select Board & Class
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?
production possibility curve is concave to the origin. explain with the help of a numerical example.....
Explain why the budget line is downward sloping.
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 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 ?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
Why slope of Budget line is represented by Price Ratio?
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?
why do household buy more of a commodity at a lower price?
Given the market price of a good,how does a consumer decide as to how many units of that goods to buy? Explain
cb sachdeva microeconomics solutions
difference between law of DMU law of Equi marginal utility? 6 points [6 marks]
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 ?
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??????
if demand curve is found to positively sloped. what it could be due to. reason? give reason interms of nature of commodity, income ,subsitution effect ?
what is Law of demand ? Assumption of law of demand / 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
What is Law of equi marginal utility?
Why budget line is a straight line ?
why does law of demand operate?
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
What is the relation between TU, MU and AU ?
Distinguish between Substitute goods and Complementary goods.
Explain consumer equilibrium with the help of indifference curve approach. Explain with the help of diagram.
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?
why is unitary elastic demand curve rectangular at hyperbola ?
if two demand curves intersect which one has the higher price elasticity.
what do we mean by the initial utility?
Explain law of diminishing marginal utility with the help of utility schedule.
Explain why an indifference curve to the right shows higher utility level.
What is cross elasticity of demand ? Explain it with examples?
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?
Law of Demand is a qualitative statement. Comment.
What are giffen goods? Explain with an example...
if Ed = - 0.2 and delta p / p = 0.6, find new expenditure if initially it was RS. 1,000.
a consumer consumes only two goods . Consumer awareness programmes bring the consumer into a better bargaining position . Explain how does it affect the budget line of the consumer. Use diagram
Explain Consumer Equilibrium with the help of IC Curve?
I asked this question related to inferior good ,
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 ?
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
Copyright © 2021 Applect Learning Systems Pvt. Ltd. All rights reserved.
E.g: 9876543210, 01112345678
We will give you a call shortly, Thank You
Office hours: 9:00 am to 9:00 pm IST (7 days a week)