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.??
Why slope of Budget line is represented by Price Ratio?
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
difference between budget set and budget line?
what are the four basic limitations of utility analysis?
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?
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
cb sachdeva microeconomics solutions
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?
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 ?
what do we mean by the initial utility?
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?
what is the meaning of indifference set
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
Why budget line is a straight line ?
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 is unitary elastic demand curve rectangular at hyperbola ?
Explain the inverse relationship between price and quantity demanded ?
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.
What are the differences between Marginal Opportunity Cost and Marginal Rate of Substitution ?
Explain law of diminishing marginal utility with the help of utility schedule.
Explain why an indifference curve to the right shows higher utility level.
define indifference curve?
What is cross elasticity of demand ? Explain it with examples?
Law of Demand is a qualitative statement. Comment.
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and 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 ?
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
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)
Syllabus
Explain the conditions of consumer's equilibrium in case of (1) single commodity and (2) two commodities. Use utility approach.
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
Underemployment occurs-
a. When people are not willing to work
b . When people are working slowly
c. When people are working less than what they are capable of doing.
d. When people are not paid for their jobs.
Pls answer the correct option fast
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.??
Why slope of Budget line is represented by Price Ratio?
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
difference between budget set and budget line?
what are the four basic limitations of utility analysis?
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?
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
cb sachdeva microeconomics solutions
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?
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 ?
what do we mean by the initial utility?
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?
what is the meaning of indifference set
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
Why budget line is a straight line ?
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 ............
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 is unitary elastic demand curve rectangular at hyperbola ?
Explain the inverse relationship between price and quantity demanded ?
(a) Upgradation of technology
(b) Exploration of new oil reserves
(c) Massive unemployment
(d) Destruction of resources
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.
What are the differences between Marginal Opportunity Cost and Marginal Rate of Substitution ?
Explain law of diminishing marginal utility with the help of utility schedule.
Explain why an indifference curve to the right shows higher utility level.
define indifference curve?
What is cross elasticity of demand ? Explain it with examples?
Law of Demand is a qualitative statement. Comment.
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and 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 ?
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
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