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.

Given the following MU schedule, when the price of good X is Rs.10 and marginal utility of money equals one, what will be the consumer’s demand?

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Learning Pundits Content Team
Written on Jun 26, 2019 6:37:12 PM