MEC 101 Microeconomics Analysis | Unit 1 - Class 1 Theory of Consumer Behaviour - Cardinal Theory

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MEC 101 Microeconomics Analysis | Unit 1 - Class 1 Theory of Consumer Behaviour - Cardinal Theory
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🎯 About Video : In this video we are learning about
1 What is a Cardinal Approach 2 What are Assumptions of Cardinal Approach is Given Below
i) Consumer is rational
ii) Total Utility is The Function Of Consumption
iii) Goods are good
iv) Marginal Utility of 'x' is Diminishing
v) Utility is Measured Cardinally or Numerically in Terms of Money
vi) Marginal utility of money is constant
3 What is Meaning of consumer equilibrium ?
4 Mathematical Presentation of consumer equilibrium
(i) First order necessary condition for utility maximization : (dU(X))/dx=λ px (ii) The second order sufficient condition for utility maximisation : (∂^2 U(x))/(∂x^2 ) 4 Diagrammatic Presentation of consumer
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[@MaEconomicsIgnouMaecMec]

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[@thesolar413system]

Micro -mathematical h
Aap ko 3 type se sikhna h
1. Textual form
2. Mathematical, Utiity, U= f(x)
3. Diagramatical

[@fatimatabassum974]

Very helpful video and very well explained thank you so much sir .

[@MaEconomicsIgnouMaecMec]

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[@thesolar413system]

du/dx= Marginal utility X⬆️ , MUx⬇️
Maximam and minima = optimisation

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[@thesolar413system]

dU/dx =Marginal(li
Ke extra mango, ) utility X⬆️ , MUx⬇️
Maximam and minima = optimisation

[@thesolar413system]

Phle -phle padne me majja atta h, phir bore ho jate h , ye bhi marginal utility h kya ?

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Sir kya ya continue chela gi class....
Sir
Please rokna mat classes ko

[@MaEconomicsIgnouMaecMec]

No there will be some demo classes rest will be part of paid batch

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[@MaEconomicsIgnouMaecMec]

Program Code is MAEC but subject is MEC 101

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[@MaEconomicsIgnouMaecMec]

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To kuch achhe books bta do
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[@MaEconomicsIgnouMaecMec]

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​@@MaEconomicsIgnouMaecMec
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