Consumer’s Equilibrium through Indifference Curve Approach / Hicksian Approach : The utility approach was based on the assumption that […]
Properties of Indifference Curve: There are four main properties of Indifference Curve, which are as follows : 1.
Consumer’s Equilibrium in Two commodity Law of Equi – Marginal Utility Every consumer has to buy a number of
Consumer’s Equilibrium : in Single Commodity Through Cardinal Utility Approach : Question : State the conditions of consumer’s equilibrium in terms
Law of Diminishing Marginal Utility : The law is given by
Theory of Consumer Behaviour : Lesson at at a glance Theory Of Consumer Behaviour Cardinal Utility Analysis Ordinal Utility
