Consumer Equilibrium as per Indifference Curve Analysis (Ordinal approach) |Micro Economics | 2.18

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  • Опубліковано 24 січ 2025

КОМЕНТАРІ • 10

  • @khushidoesart
    @khushidoesart 3 роки тому +1

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  • @mechelecrob
    @mechelecrob 2 роки тому +2

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    • @najeebhashmi3383
      @najeebhashmi3383  2 роки тому

      Thanks for your comment and concern.. Really sorry for that.... .. I will definitely start it shortly and try to upload it as early as possible....

    • @mechelecrob
      @mechelecrob 2 роки тому

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  • @MohitKumar-qe3qd
    @MohitKumar-qe3qd 3 роки тому

    @Najeeb Hashmi thank you very much sir.
    I have one more doubt, plzz clear my doubt sir
    MRS diminish kyu hota, itna mujhe pata hai x good ko continuously use karne se uska marginal utility kam ho jayega, aur y ka consumption kam hone se uska marginal utility badh jayega , lekin in do cheezo ka mrs diminish ho raha isse kya lena,, means I am not able to connect the two points with MRS,,
    It's a humble request please clear my doubt.

  • @MohitKumar-qe3qd
    @MohitKumar-qe3qd 3 роки тому +2

    Sir what does equilibrium here represent???? If we translate (price ratio = MRS) in language
    Like in cardinal approach equilibrium is mu = Price of commodity x if we translate this in language then it means consumer ko utne rupees ka satisfaction mil raha hai jitna rupya wo pay kar raha hai,,
    Lekin ordinal approach mein equilibrium ka mtlb kya hoga Language mein?
    Sir plzzz help

    • @najeebhashmi3383
      @najeebhashmi3383  3 роки тому +1

      Ismein Equlibirium kahan strike hota hai...?? When Budget line coincides with Indifference curve.... Means aapke available maximum budget mein aap ko wo satisfaction mil rahaa hai jisko receive karne ke liye usko shayad zyaada spend karna padhta... But wo IC curve par hone ki wajah se same satisfaction maximum income mein available ho raha hai.... Limited income mein maximum satisfaction... That's what equilibrium is in Original approach....

    • @MohitKumar-qe3qd
      @MohitKumar-qe3qd 3 роки тому

      @@najeebhashmi3383 thank you very much sir.
      I have one more doubt, plzz clear my doubt sir
      MRS diminish kyu hota, itna mujhe pata hai x good ko continuously use karne se uska marginal utility kam ho jayega, aur y ka consumption kam hone se uska marginal utility badh jayega , lekin in do cheezo ka mrs diminish ho raha isse kya lena,, means I am not able to connect the two points with MRS,,
      It's a humble request please clear my doubt.