Lesson 3 of 7 • 4 upvotes • 13:35mins
We reach consumer's equilibrium with the help of cardinal utility approach and discuss the law of equi-marginal utility and it's limitations.
7 lessons • 1h 25m
Overview and Important Suggestions
7:05mins
Cardinal Utility Analysis
14:57mins
Consumer's Equilibrium through Cardinal Utility Approach
13:35mins
Indifference Curves
14:31mins
Budget Line
11:44mins
Consumer's Equilibrium through Ordinal Utility Analysis
12:00mins
Marginal Utility Analysis vs Indifference Curve Analysis
11:24mins