Basic Concepts of Economics — Formula Sheet
ICSE · Class 9 · Economics
5 formulas from Basic Concepts of Economics (ICSE Class 9 Economics) on one page, grouped by topic. Part of the ICSE Class 9 Economics syllabus.
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Formulas and Key Relations
Human Wants
want = desire for a commodity + effort to acquire it
Utility
mu = TU_{n+1} - TU_n
TU_x = F(N_x)
TU_x = MU_1 + MU_2 + ... + MU_n = Σ_{x=0}^{n} MU_x
TU = ΣMU_x
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