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!
Q. Explain about Utility analysis?
A subset of consumer demand theory which analysis consumer behaviour and market demand employing marginal utility and total utility. Key principle of utility analysis is the law of diminishing marginal utility that provides an explanation for the law of demand and negative slope of the demand curve. The major focus of utility analysis is on the fulfilment of wants and needs developed by the utilization of goods. It furthermore facilitates in getting the knowledge of market demand and the law of demand. Law of demand by way of utility analysis defines that consumer's buy goods which fulfil their wants and needs, which implies create utility. Those goods which create more utility are more significant to consumers and therefore buyers are prepared to pay a higher price. The key aspect to the law of demand is that utility created falls when quantity consumed rises. So the demand price which buyers are prepared to pay falls when quantity demanded rises.
The law of diminishing marginal utility asserts that marginal utility or extra utility acquired from consuming a good, falls as quantity consumed rises. Essentially every extra good consumed is less fulfilling as compared to the previous one. This law is mostly vital for awareness into market demand and the law of demand.
break event point
show how scarcity and opportunity cost are useful in decisionmaking
Methods which rely on quantitative data: Rule-based forecasting Data mining Quantitative analogies Discrete event simulation Neural networks Extrapo
Q. Explain about Cardinal utility? A measure of utility or satisfaction derived from consumption of services and goods which can be measured using an absolute scale. Cardinal u
plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
Q. Explain about Long run production function? Long run is a phase adequately long so that all factors together with capital can be changed. The factors that can be increase
Functions of Commercial Banks In modern economy, commercial banks have the following functions: i. They provide a safe deposit for money and other valuables. ii.
Price Elasticity of Supply Price Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price. The co-efficient of the elasticity of s
Determine the Market demand curve Market demand curve is the horizontal summation of individual demand curves. The individual demand schedules plotted graphically and summed up
Indian industry has progressed a lot because of globalization. A lot of development has been seen in Indian industry.
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd