CBSE · Class 11 · Economics
Consumer’s Equilibrium
Chapter 5.1Introductory MicroeconomicsCBSE / NCERT · Secondary & Senior Secondary
Topics
Utility analysis
- Utility and marginal utility
- Law of diminishing marginal utility
- Equilibrium conditions using marginal utility
Indifference curve analysis
- Budget set and budget line
- Indifference curves and maps
- Equilibrium conditions
Learning objectives
- Determine consumer equilibrium using marginal utility or indifference curves.
Labs for this chapter are on the way
We are building worlds, labs and stories for Consumer’s Equilibrium. Meanwhile, practise its questions or explore the rest of Social Science.
