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Theory Of Consumer Behaviour

Question

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Complete the following table:

Units consumed

Total Utility (TU)

Marginal Utility (MU)

1

9

—

2

—

7

3

—

6

4

27

—

5

—

2

6

27

—

Solution

Solution not provided.

Tips: -

Hint. TU = 9, 16, 22, 27, 29, 27 MU = 9, 7, 6, 5, 2, -2

Some More Questions From Theory Of Consumer Behaviour Chapter

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Give meaning of demand.

Name two determinants of demand.

List the factors that cause changes in demand.

What is law of demand?

What is demand schedule?

Why does demand curve slope downwards?

Differentiate between substitute and complementary goods.

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