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unit-5-consumer-equilibrium---cardinal-and-ordinal-approaches

Unit-5 Consumer Equilibrium - Cardinal and Ordinal Approaches

In this unit, we continue the discussion on demand and focus our attention on consumer’s behaviour in order to explain the law of demand.

he following table shows the relationship between total utility derived from consuming various quantities of milk. Calculate the marginal utility. 




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Written on Jun 26, 2019 6:27:11 PM