Más contenido relacionado
Similar a Bec doms ppt on consumer choice (20)
Más de Babasab Patil (20)
Bec doms ppt on consumer choice
- 6. change in TU from 0 to 1 cookie change in TU from 1 cookie to 2 cookies MU of 1 st cookie MU of 2 nd cookie = = 0
- 8. MU of 1 st cookie > MU of 2 nd cookie 0
- 9. TU rises at slower and slower rate as MU declines TU cookie MU cookie
- 16. example : pizza for 4th pizza for 2nd pizza P Q D $10 4 pizzas willing to pay $10 $15 2 pizza willing to pay $15
- 19. my demand curve P Q D $10 $12 3 my consumer surplus
- 20. area between D and price of pizza P Q D $10 10,000 total consumer surplus
- 31. example: milk and cookies milk cookies Every point on curve has same total utility 8 4 2 6 0 4 2 1 3 Indifference curve
- 32. TU is higher as curve shifts right milk cookies higher TU lower TU