# 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 ... #### 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 ... #### 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, ... Don`t copy text!