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MEC 101 Microeconomics Analysis | Unit 1 - Class 1 Theory of Consumer Behaviour - Cardinal Theory

‪@MaEconomicsIgnouMaecMec‬ ‪@EcoDotComUGCNETJRF‬ MEC 101 Microeconomics Analysis | Unit 1 - Class 1 Theory of Consumer Behaviour - Cardinal Theory 🟣🟣🟣🟣Recording Studio :    • ECO DOT COM  Recording Studio | YouTu...   🎯 About Video : In this video we are learning about 1 What is a Cardinal Approach 2 What are Assumptions of Cardinal Approach is Given Below i) Consumer is rational ii) Total Utility is The Function Of Consumption iii) Goods are good iv) Marginal Utility of 'x' is Diminishing v) Utility is Measured Cardinally or Numerically in Terms of Money vi) Marginal utility of money is constant 3 What is Meaning of consumer equilibrium ? 4 Mathematical Presentation of consumer equilibrium (i) First order necessary condition for utility maximization : (dU(X))/dx=λ px (ii) The second order sufficient condition for utility maximisation : (∂^2 U(x))/(∂x^2 ) 4 Diagrammatic Presentation of consumer 🎯 MEC 101 Playlist :    • MEC 101 Microeconomics Analysis | MA ...   👉MEC 203 Play List :    • MEC 203 Quantitative Methods Playlist...   👉Basic of differentiation :    • MEC 103 | Unit 3 - class 1 | Basic of...   👉Maxima Minima 1 :    • MEC 103 | Unit -4 class 2 |Maximum an...   👉Maxima Minima 2 :   • MEC 103 | Unit 6 Constrained Optimisa...   🎯 NET/JRF Channel :    / @ecodotcomugcnetjrf   🎯Assignment Solution Link :    • MEC MA Economics Ignou Solved Assignm...   🎯MEC 002 Previous Paper Solution :    • MEC 002 Previous 13 Paper Solution  |...   🎯 Class Recording Studio :    • ECO DOT COM  Recording Studio | YouTu...   🎯📲 Android App link : http://on-app.in/app/home?orgCode=wkp... 👨‍🏫About Us : Institute : Eco Dot Com Channel Name : MEC MA ECONOMICS IGNOU 📲 Android App link : http://on-app.in/app/home?orgCode=wkp... ✉️ Mail id : [email protected] 🟢Address - New Delhi follow us on 🔵 Facebook page : https://www.facebook.com/profile.php?... 🟠 Instagram : https://instagram.com/ecodotcom?igshi... 🔵 telegram : https://t.me/+1GOgZvL7TBc5Yjc1 🎯 About Channel : Dear students this channel is only for M.A. Economics IGNOU (MEC/MAEC). We have made this channel to guide the students who are really interested in learning the syllabus deeply and in detail. In this channel we tell you , how to prepare for M.A. Economics IGNOU ( MEC/MAEC) what are the reference books for different subjects, what is pattern of exam, how to make assignment etc. We provide complete coaching for MEC 103, MEC 203 Quantitative Methods and MEC 101 Microeconomics Analysis. Our course is based on all the reference books referred by IGNOU and pervious paper since 2016 because (earlier papers are outdated). We teach from our own study material that are very organized and convenient to study that is available on our Android App - ECO DOT COM ( link : http://on-app.in/app/home?orgCode=wkp... ) and available in hardcopy also .We can help you by selling solved assignment and solution of previous year question papers contact us : Mail id : [email protected] #mec101microeconomicsanlysisunit1class1 #theoryofconsumerbehaviourcardinaltheory #whatistheutilitymaximizationproblem #conditionofconsumerequilibrium #conditionofutilitymaximization #lagrangianfunction #maeconomicsignou #mec101 Unit1UtilityMaximizationGraphicalPresentation #mec101importantquestions #mec101importanttopic #mec101previousyearquestionpapers #mec101solutionofpreviousyearquestionpapers #mec101microeconomics #lagrangianfunction #consumerequilibriumusinglagrangianfunction #indifferencecurveistangenttobudgetline #slopeofindifferencecurveequaltoslopeofbudgetline #indifferencecurveistangentbudgetline #slopeofindifferencecurveequaltoslopeofbudgetline #utilitymaximizationproblemgraphical #utilitymaximizationrule #importanceofutilitymaximizationproblem #oridinalutilitymaximizationproblem #uitlitymaximizationproblemlangragian #langragianutilitymaximization #howtoderiveutilitymaximizationproblem #langragianutilitymaximizationproblem #utilitymaximization #oridinalutilitymaximization #maeconomicsignou #mec101lectures #mec101unit1 #ignoumec101 #mec101microeconomics #ignoumec101microeconomics #maeconomicsignoulectures #MAeconomicdignou #mec101freelectures #indiffernececurveanalysisB.com1styear #maEconomicsIgnou