Practicals on TU & MU, Consumer Equilibrium - Theory of Consumer Behavior | Class 11 Economics Ch 2
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✅ In this video,
✔️ Class: 11th
✔️ Subject: Economics
✔️ Chapter: Theory of Consumer Behavior (Chapter 2)
✔️ Topic Name: Practicals on TU & MU, Consumer Equilibrium
✔️ Topics Covered (by Gauri Ma'am): In this video, ma'am guides you through exciting lectures of class 11th economics, focusing on the topic of 'Practicals on TU & MU, Consumer Equilibrium' - Chapter 2 Theory of Consumer Behavior Introductory Microeconomics as we explore key concepts essential for success in your studies. Join us as we simplify complex topics and make learning fun and engaging for all class 11th students.
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00:00 Introduction - Theory of Consumer Behavior
00:54 Practicals on TU & MU - Que. 1 A person's total utility (TU) schedule is given below Derive marginal utility
05:26 Que. 2 Calculate the missing figures
09:51 Que. 3 Suppose the price of a commodity 'x' is given as ₹8 and the MU (in terms of money) for 4 units is given as
16:12 Que. 4 Following is the utility schedule of a person
18:55 Que. 5 Suppose a consumer wants to consume two goods which are available in integer units only. If the income of the consumer is 20 and both the goods are equally priced at ₹ 4, write the bundles which cost exactly ₹ 20.
20:53 Que. 6 Suppose there are four bundles containing goods x and goods y: Bundle (5, 5); Bundle (4, 4); Bundle (5, 4); Bundle (4, 5). If a consumer's preferences are monotonic, then which bundle will be preferred by the consumer? Give reason for your answer.
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