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Formula Sheet

Theory of Consumer Behavior

CBSE · Class 12 · Economics

All formulas from Theory of Consumer Behavior in CBSE Class 12 Economics. Key equations, constants, and identities for board exam preparation.

46 questions80 flashcards5 concepts

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An illustration showing a consumer facing a choice between two goods (e.g., bananas and mangoes) with a limited income, representing the fundamental problem of choice in consumer behavior.
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9 Formulas · 4 Sections

Formulas

1. Utility and Marginal Utility

MU_n = TU_n - TU_{n-1}

TU_n = MU_1 + MU_2 + ... + MU_n

2. Ordinal Utility, Indifference Curve, and MRS

MRS = |ΔY / ΔX|

MRS falls as bananas increase

3. Budget Set and Budget Line

p_1x_1 + p_2x_2 ≤ M

p_1x_1 + p_2x_2 = M

x_2 = M/p_2 - (p_1/p_2)x_1

Δx_2 / Δx_1 = -p_1 / p_2

4. Consumer Equilibrium

MRS = price ratio

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Frequently Asked Questions

What are the important topics in Theory of Consumer Behavior for CBSE Class 12 Economics?
Key topics in Theory of Consumer Behavior include Theory of Consumer Behaviour — Complete Concept Map, Correct vs Incorrect: What Causes Movement vs Shift in Demand Curve, Overview of Theory of Consumer Behaviour. These are the concepts CBSE Class 12 examiners draw on most — study them first, then practise related questions.
How to score full marks in Theory of Consumer Behavior — CBSE Class 12 Economics?
Understand the core concepts first, then work through the 46 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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