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Formula Sheet

Theory of Consumer Behavior

Haryana Board · Class 12 · Economics

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

30 questions24 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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7 Formulas · 4 Sections

Formulas

Utility: Cardinal Analysis

MU_n = TU_n − TU_(n-1)

TU_n = MU_1 + MU_2 + ... + MU_n

Utility: Ordinal Analysis & Indifference Curves

MRS = |ΔY / ΔX|

Budget Set and Budget Line

p1·x1 + p2·x2 ≤ M

x2 = M/p2 − (p1/p2)·x1

Horizontal intercept = M/p1 ; Vertical intercept = M/p2

Consumer's Optimum

At optimum: MRS = p1/p2

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Frequently Asked Questions

What are the important topics in Theory of Consumer Behavior for Haryana Board 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 Haryana Board Class 12 examiners draw on most — study them first, then practise related questions.
How to score full marks in Theory of Consumer Behavior — Haryana Board Class 12 Economics?
Understand the core concepts first, then work through the 30 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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