Ordinal Utility Analysis: Indifference Curve Schedule and Diagrammatic Representation (Economics) скачать в хорошем качестве

Ordinal Utility Analysis: Indifference Curve Schedule and Diagrammatic Representation (Economics)

Practice economics complete notes: https://www.doorsteptutor.com/Exams/U... NTA NET Paper 1 Online Crash Course - https://www.doorsteptutor.com/Exams/U... NTA NET Paper 1 Mock papers - https://www.doorsteptutor.com/Exams/U... NTA NET Paper 1 Practice questions - https://www.doorsteptutor.com/Exams/U... NTA NET Paper 1 Postal Course - https://www.examrace.com/NTA-UGC-NET/... Ordinal utility analysis J.R. Hicks and Allen No numerical allotment of satisfaction Definite scale of preference Comparison and ranking of combination of goods Indifference curve analysis Indifference curve – combination of two goods yielding same satisfaction Properties of indifference curve Downward sloping from left to right Convex to the origin Never intersect with each other Higher indifference curve – higher satisfaction Need not be parallel Budget line or price line Shows the various combinations of two commodities that can be purchased with the given money income and prices of goods Shift in budget line may occur due to : Change in income Change in prices of commodities The slope of budget line is the price ratio of both the commodities = Px/Py #netugc #ordinalutility #indifference curve NCERT, Yojana, Kurukshetra, Down to Earth, Science, Social Studies and More interesting topics subscribe at Examrace:    / examrace   NCERT, Yojana, Kurukshetra, Down to Earth, Science, Social Studies and More interesting topics subscribe at ExamraceHindi:    / examracehindi   For kids videos subscribe to FunProf:    / funprof   For Science Class 11-12 and important topics subscribe to DoorStepTutor:    / doorsteptutor   Chapters: 0:00 Introduction: Ordinal Utility Analysis: Indifference Curve Schedule and Diagrammatic Representation (Economics) 0:07 Ordinal Utility Analysis 1:11 Properties of Indifference Curve 1:15 Downward Sloping from Left to Right 1:36 Convex to the Origin 2:00 Higher Indifference Curve Higher Satisfaction 2:12 Never Intersect with Each other 2:43 Need not be Parallel 3:04 Budget Line or Price Line 3:32 Indifference Map 3:58 Marginal Rate of Substitution (MRS) 4:58 Questions #Concave #Analysis #Willing #Substitution #Intersect #Sloping #Yielding #Allotment #Ordinal #ExamGuru #ugcnet #doorsteptutor #examrace