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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Short Answer type questions
- Define the following terms: (1) Marginal utility, (2) Total utility, (...
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- Define marginal utility. State the law of diminishing marginal utility
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- Explain the various points of relationship between marginal utility an...
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- How does a consumer reach equilibrium position when he is buying only ...
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- Explain the conditions of consumer's equillibrium in the indifference ...
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- Define the following terms: (i) Indifference curve, (ii) Indifference ...
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- What is the law of diminishing marginal product?
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- Explain the relation between total utility and marginal utility
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- Define an indifference curve. Explain why an indifference curve is dow...
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- What are monotonic preferences ? Explain why an indifference curve to ...
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- Define an indifference map. Explain why an indifference curve to the r...
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- Explain the distinction between budget set and budget line.
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- Define Marginal Rate of Substitution. Explain why is an indifference c...
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- Explain the difference between cardinal utility and ordinal utility. G...
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- What is budget line ? Why is it downward sloping
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- Explain the meaning of diminishing marginal rate of substitution with ...
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- Explain the concept of 'marginal utility' with the help of a numerical...
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- Explain why an indifference curve is convex to the origin ?
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- A consumer consumers only two goods A and B and is in equilibrium. Sho...
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- A consumer consumes two goods X and Y. What will happen if MU(x)//P(x)...
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