Consumer's Equilibrium | Multi Commodity Model | Cardinal Utility;
Introduction 00:00:00- 00:01:15 *Relevance of Multi- Commodity model
The Two Assumptions under Cardinal Utility Approach 00:01:16- 00:13:20 - Limited money income (under multi-commodity model) - Diminishing marginal utility (under multi-commodity model) *Revision of Equimarginal principle *Role of Equimarginal principle in Multi Commodity model *How to find consumer’s equilibrium under Multi Commodity model? *Conclusion
Video by Edupedia World(www.eduupediaworld.com), Free Online Education. All Rights Reserved.