Consumer's Equilibrium Multi Commodity Model Cardinal Utility

Managerial Economics; Management;

Consumer's Equilibrium | Multi Commodity Model | Cardinal Utility;

Introduction 00:00:00- 00:01:15
*Relevance of Multi- Commodity model

The Two Assumptions under Cardinal Utility Approach 00:01:16- 00:13:20
- Limited money income (under multi-commodity model)
- Diminishing marginal utility (under multi-commodity model)
*Revision of Equimarginal principle
*Role of Equimarginal principle in Multi Commodity model
*How to find consumer’s equilibrium under Multi Commodity model?
*Conclusion

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