economics lecture law of indifference curve in urdu hindi 2018
economics lecture......law of indiffrence curve in urdu hindi 2018
in this video discussed the indifference curve in urdu hindi ....
indifference curve means the curve which shows the consumer behavior in the market when he wants to purchase two commodities and and he wants to get equal level of satisfaction from both commodities for example two commodities are mangoes and bananas he wants to get equal level of satisfaction from them he gets those pairs of things which gives him equal level of satisfaction......
and the consumer when wants to purchase more units of the one commodity like mangoes then he has to leave some units of the other commodity like bananas which is called MRS( marginal rate of substitution )
An indifference curve represents a series of combinations between two different economic goods, between which an individual would be theoretically indifferent regardless of which combination he received.
Indifference curves are heuristic devices used in contemporary microeconomics to demonstrate consumer preference and the limitations of a budget. Later economists adopted the principles of indifference curves in the study of welfare economics.
Q; what is an angle curve in economics?
In economics , an Engel curve describes how household expenditure on a particular good or service varies with household income. There are two varieties of Engel curves. Budget share Engel curves describe how the proportion of household income spent on a good varies with income.
Q;what do you mean by difference curve ?
Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.
What is the 'Indifference Curve'
The table given below is an example of indifference schedule and the graph that follows is the illustration of that schedule
this topic and some other topics are described in this urdu hindi video of economics lectures more clearly with whiteboard animated video ...so, must be watched if you have interest to learn indifference curve and MRS ......
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economics lecture law of indiffrenece curve in urdu hindi 2018
