Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Theory of consumer behaviour
The role of customers in an economy is of significant importance because consumers spend most of their incomes on services and goods produced by firms. Consumers consume what firms produce. So study of the theory of consumer behaviour is accorded importance. It is keen to know the ultimate objective of a consumer. Economists have an optimisation model for consumers that is analogous to which applied to producers or firms. Though it's presumed that firms attempt at maximising profits, likewise there is an assumption that consumers attempt at maximising their satisfaction orutility. Though more services and goods provide greater utility to a consumer, though, consumers, like firms, are subject to constraints. Their choices and consumption are limited by a number of factors, comprising the amount of disposable income (residual income after income taxes are paid for). A consumer's choice to consume is defined by economists within a theoretical framework generally termed the theory of demand.
Using the same simple macro model we developed in Module 2: a. Show what will happen to national income (GDP) if the administration implements another $100 (billion) stimulus s
'' monopoly is good for consumer welfare" is this crrect
Q. Describe Managerial and behavioural theories? It was only in 1960s that neo-classical theory of firm was disputed by alternatives like behavioural and managerial theories. M
Case study for consumer behavior using indifference curev
Q. Explain about Linear Isoquant? : In this case, isoquant would be straight lines as in Figure below. This type presumes perfect substitutability of factors of production. I
The emergence of managerial economics as a separate course of management studies can be attributed to at least three factors: 1. Growing complexity of business designs maki
Problem 1: (a) Distinguish between political and partisan monetary cycles on inflation and unemployment rates. (b) In the rule versus discretion literature, explain how dy
1. Joe is evaluating the marketing strategy at his restaurant and inn. Suppose that in response to a $2.00 off sales promotion for spaghetti dinners, Joe finds that nightly dinner
Q. Controlover Supply of Inputs - sources of monopoly? Furthermore, a monopoly situation may arise because of control over the supply of an essential input -skilled labour, raw
PUBLIC SECTOR BORROWING REQUIREMENT (PSBR) Public Sector Borrowing Requirement (PSBR) is the amount which the government needs to borrow in any one year to finance an excess e
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd