# Study Materials

Here you find all the study materials uploaded in Enotes World.

#### Cardinal Utility Versus Ordinal Utility

Learning Objective To explain the similarities and differences between cardinal and ordinal utility analysis (cardinal utility versus ordinal utility) Ordinal ...

#### Application and Uses of Indifference Curve

Besides the analysis of consumer behavior and consumer demand, the technique of the indifference curve can be used in the ...

#### Price Effect and Derivation of Demand Curve

Learning Objective To explain the derivation of the demand curve with help of price consumption curve (Price effect and derivation ...

#### Decomposition of Price Effect into Substitution and Income Effects

Different factors directly affect the consumer’s equilibrium condition, including change in the price of one good, the price of other ...

#### MA in Economics, Tribhuvan University

MA in Economics, Tribhuvan University is a semester base two-year program consisting of four semesters. The student will have to ...

#### Income Effect and Derivation of the Engel Curve

Introduction of Engel Curve The income effect shows the total effect on the demand for goods due to the change ...

#### Income Effect and Income Consumption Curve

The income of the consumer is also one of the major factors affecting the consumer’s equilibrium or objective of utility ...

#### Price Effect and Price Consumption Curve

Consumer’s equilibrium is derived under ordinal utility analysis with the assumption of constant money income and prices of the goods ...

#### Consumer’s Equilibrium

Introduction to Consumer's Equilibrium The prime objective of a consumer of goods and services is to derive the maximum or ...

#### Price/Budget Line or Budget Constraint

Concept of Price/Budget Line or Budget Constraint The indifference curve displays the preference of the buyer. To find out the ...

#### Marginal Rate of Substitution (MRS)

Concept and Meaning of MRS The concept of the marginal rate of substitution (MRS) is an important tool of indifference ...

#### Assumptions and Properties of Indifference Curve

Concept of Indifference Curve (IC) In the microeconomic analysis, an indifference curve (IC) is a graph that shows different combinations ...

#### Concept and Assumptions of Ordinal Utility Analysis

Learning Objective To explain the concept and assumptions of ordinal utility analysis Concept of Ordinal Utility Analysis The theory of ...

#### The Concept and Rules of Derivative

The techniques of optimizations are significant tools needed for measuring the efficiency of business firms. The economic agents have different ...

#### Basic Mathematical Concepts Used in Economics

Economics through its different theories and principles help to economic agents and participants in their decision-making processes and help them ...

#### Criticisms of Cardinal Utility Analysis

The Cardinal utility approach provides a sound basis for analyzing consumer behavior based on the arithmetic measurement and expression of ...

#### Derivation of Demand Curve under Cardinal Utility Analysis

The key purpose of the analysis of consumer behavior is to derive a consumer demand curve. Here we will discuss ...

#### Consumer’s Equilibrium under Cardinal Utility Analysis

Meaning of Consumer’s Equilibrium Consumer’s equilibrium is the position in which the consumer reaches the highest level of satisfaction given ...

#### Cardinal Utility Analysis and its Assumptions

Concept of Cardinal Utility Analysis In this article, we will know the concept of cardinal utility analysis and its fundamental ...

#### Basics of Utility Analysis

Meaning of Utility The term utility refers to the want satisfying capacity of a commodity or service. In another word, ...
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