(8) Consumer equilibrium in two commodity case(Microeconomics XI) उपभोक्ता संतुलन क्या हैं|
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- Опубліковано 7 вер 2024
- in this video we talked about consumer equilibrium in case of 2 commodity which is also called as law of substitution/law of maximum satisfaction/Gossen's second law... equilibrium point for two commodity is equal to MUx/Px=MUy/Py=MUm... #consumerequilibrium #consumerequilibriumincaseoftwocommodity #lawofmaximumsatisfaction #lawofsubstitution What is Gossens second law, Wha is law of substitution,What is consumer equilibrium in case of 2 commodities, what is consumer equilibrium in case of 1 commodities,How to attains consumer equilibrium , How to find out Consumer equilibrium, How to find consumer equilibrium using graphs and schedule
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MU of X is 20 and MU of Y is 30. If the price of X is 10, then price of Y at
equilibrium will be:
Please answer...
Question not fulfil condition cause there is no expenditure income given.
Conditions
Price given6
Expenditure amount given
Decreasing marginal utility applicable..
Good explanation
Best pratical question according to topic
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2:42 hame mujhe
o hame mujhe
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Why we don't discuss about marginal utility of money in case of two commodity.Don't we need to see whether mu of money is equal to the ratios of mu of x with px and mu of y with py.
Yes I have the same doubt. If you have cleared the doubt,kindly tell.
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Sir jo aapne numerical se btaya tha na usse hi smjha ki hmari money income 20 hai or 2 products hai jo bs hmari income ke equal chahiye ese 😅
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sir asa bhi case ho sakta hai jisma consumer apni total income spend hi nahi kar pa raha hai jaisa income 40 hai magar 40 nikal hi nahi raha
hai ussa kam ya jada aa raha hai
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Thank you so much sir
Sir what will be the total utility in this case??
How to define reason
Good
Sir if combination of both mux and muy comes same then what can we do?
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Good bro
Ok
Sir ji how will you get equilibrium if total expenditure is not given
I really appreciated this video but i have a question what if we are not provided with the total income... Just thr price of the both commodities and the schedule??
If we are not provided we total income then we won't be able to know that how much of money we have which we have to spend and in that circumstances we won't be able to reach equilibrium point...
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How to find m?
Cant make diagrame according to schedule ..can u explian how u make diagrame
Sir ji , i tried making graph
Failed to make
As per your example there are so many points where mu matches
So must intersect at many points
How will you manage making graph in context with taking total expenditure in concern ?
Lucky Aggarwal mesg me on whatsup no
8506966894
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i didn't understand table presentation at last one?
Hi I want to ask some questions because I didn’t solve plZ ans
Ask your question dear
@@economicsonthemove954 If Mux /MUy ratio is 10 and the P/x and P/y is 8
So the consumer should buy
1 less of x and More Of Y
2 Less of Y more Of X
3 More of X and More of Y
4 less of Y and Less of X
👏
2024 🎉
I am here in 2024 😊
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Ok sir thanks
For instruction
Sir ye to bta dijiye ki both of this commodities price per unit kitna lenge please sir please
Text on my whatsup
8506966894
1:23 consumption spelling is wrong
Sir income give rah gi kya...
obviously
First of all it is not cammadity it is Commodity
😂😂
Thank u sir
Thank you sir
Thank you sir