Lesson 1 of 9 • 52 upvotes • 5:46mins
In this lesson we will understand what are Consumers, what is consumption and Introduction to Consumer Equilibrium is discussed in detailed way.
9 lessons • 54m
Introduction to Consumer Equilibrium
5:46mins
Utility Analysis / Marshall Approach
8:01mins
Assumptions to Utility Analysis
4:50mins
Law of Diminishing Marginal Utility
6:21mins
Relationship between Marginal Utility and Total Utility
4:51mins
Determination of Consumer Equilibrium Conditions - Case of Single Commodity
5:59mins
Example of Single Commodity Case
6:24mins
High Order Thinking Skills (Some Important Questions)
4:50mins
Determination of Consumer Equilibrium Conditions - Case of Two Commodity
7:06mins