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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?
who is a rational consumer
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 law of diminishing marginal utility with the help of utility schedule.
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
Explain consumers equilibrium through indifference curve analysis?
What is market demand function?
why do household buy more of a commodity at a lower price?
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?
what do we mean by the initial utility?
Given the market price of a good,how does a consumer decide as to how many units of that goods to buy? Explain
(a). Define slope of total utility curve.
(b). Explain law of diminishing marginal rate of substitution with help of table and diagram.
cb sachdeva microeconomics solutions
Why slope of Budget line is represented by Price Ratio?
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 ?
how is market demand curve derived from individual demand curves?
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 the meaning of indifference set
what is Law of demand ? Assumption of law of demand / Explain
What is Law of equi marginal utility?
define indifference curve?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
why does law of demand operate?
difference between ordinal and cardinal measurement of utility ( 4 marks )
difference between law of DMU law of Equi marginal utility? 6 points [6 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
A consumer consumes only two goods. Explain the conditions of consumers equilibrium with the help of indifference curve analysis. Use diagram.
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 negatively sloped straight line demand curves cross each other. will the price elasticity if demand be equal at this point of intersection
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...
plz.... give the difference between demand,desire and want....
Why budget line is a straight line ?
what does an Indifference curve shows?
Explain Consumer Equilibrium with the help of IC Curve?
what is meant by slope of budget line and it's derivation plssss explane me with n example??????????
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 ?
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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