'Same indifference curve' presentation slideshows

Demand & Utility

Demand & Utility. What is Utility?. Satisfaction, happiness, benefit. Cardinal Utility vs. Ordinal Utility. Cardinal Utility : Assigning numerical values to the amount of satisfaction

1.45k views • 117 slides

Demand & Utility

Demand & Utility. What is Utility?. Satisfaction, happiness, benefit. Cardinal Utility vs. Ordinal Utility. Cardinal Utility : Assigning numerical values to the amount of satisfaction

1.5k views • 117 slides

Theory of Consumer Behavior

Theory of Consumer Behavior. Chapter 3. Discussion Topics. The concept of consumer utility (satisfaction) Evaluation of alternative consumption bundles using indifference curves What is the role of your budget constraint in determining what you purchase?. 2. The Utility Function.

771 views • 48 slides

Part 2

813 views • 37 slides

Theory of Consumer Behavior

Theory of Consumer Behavior. Chapter 3. Topics of Discussion. Utility Theory Total Utility (Satisfaction) Marginal Utility Meet Carl or Carla Consumer Law of Diminishing Marginal Utility. Indifference Curves Concept of Isoutility Marginal Rate of Substitution.

372 views • 30 slides

Utility, Constraints, and Choices (Chapter 2)

372 views • 23 slides

ECON100 Tutorial 4

353 views • 21 slides

Lecture 4 Utility Maximization

Lecture 4 Utility Maximization. Indifference Curve. Indifference Curve (IC) : It shows the combination of goods or services that yields the same level of utility.

274 views • 12 slides