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Theory of Consumer Behavior — Flashcards

Madhya Pradesh Board · Class 12 · Economics

80 flashcards for Theory of Consumer Behavior (Madhya Pradesh Board Class 12 Economics) to test yourself on key terms and facts.

46 questions80 flashcards11 formulas & key relations5 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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80 Flashcards·
उपयोगिताUtilityUtility Analysisउपयोगिता विश्लेषणउपयोगिता के मापदंडMeasures of Utility
Card 1उपयोगिता

उपभोक्ता व्यवहार में उपयोगिता क्या है?

Answer

किसी वस्तु की उपयोगिता उसकी आवश्यकता-संतुष्टि क्षमता है। यह व्यक्तिपरक है, इसलिए एक ही वस्तु अलग-अलग लोगों को या अलग-अलग समय और स्थानों पर अलग-अलग संतुष्टि दे सकती है।…

Card 2Utility

What is utility in consumer behaviour?

Answer

Utility of a commodity is its want-satisfying capacity. It is subjective, so the same good can give different satisfaction to different people or at different times and places.

Card 3Utility Analysis

What is the difference between cardinal utility analysis and ordinal utility analysis?

Answer

Cardinal utility analysis assumes utility can be measured in numbers, such as 50 units. Ordinal utility analysis does not measure utility in numbers; it only ranks bundles as more useful, less useful,…

Card 4उपयोगिता विश्लेषण

कार्डिनल उपयोगिता विश्लेषण और क्रमिक उपयोगिता विश्लेषण में क्या अंतर है?

Answer

कार्डिनल उपयोगिता विश्लेषण यह मानता है कि उपयोगिता को संख्याओं में मापा जा सकता है, जैसे कि 50 इकाइयाँ। क्रमबद्ध उपयोगिता विश्लेषण संख्याओं में उपयोगिता को नहीं मापता है; यह केवल बंडलों को अधिक उपयोगी…

Card 5उपयोगिता के मापदंड

कुल उपयोगिता और सीमांत उपयोगिता की परिभाषा दीजिए।

Answer

कुल उपयोगिता किसी वस्तु की दी गई इकाइयों के उपभोग से प्राप्त कुल संतुष्टि है। सीमांत उपयोगिता किसी वस्तु की एक अतिरिक्त इकाई के उपभोग से कुल उपयोगिता में परिवर्तन है।…

Card 6Measures of Utility

Define total utility and marginal utility.

Answer

Total utility is the total satisfaction from consuming a given number of units of a commodity. Marginal utility is the change in total utility due to consumption of one additional unit of a commodity.

Card 7Measures of Utility

What is the formula for marginal utility of the nth unit?

Answer

MU_n = TU_n - TU_{n-1}. It means marginal utility of the nth unit equals total utility from n units minus total utility from n-1 units.

Card 8उपयोगिता के मापदंड

nवीं इकाई की सीमांत उपयोगिता का सूत्र क्या है?

Answer

एम.यू_n = TU_n - TU_{n-1}. It means marginal utility of the nth unit e कुल उपयोगिता को n इकाइयों से घटाकर n-1 इकाइयों से कुल उपयोगिता प्राप्त की जाती है।…

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Frequently Asked Questions

What are the important topics in Theory of Consumer Behavior for Madhya Pradesh Board Class 12 Economics?
Key topics in Theory of Consumer Behavior include Utility, Cardinal Utility Analysis, and Marginal Utility, Ordinal Utility Analysis, Indifference Curve, and MRS, Budget Set, Budget Line, and Consumer’s Optimum, Demand, Law of Demand, and Market Demand. Study these first, then practise questions on each for the Madhya Pradesh Board Class 12 board exam.
How many flashcards are available for Theory of Consumer Behavior?
There are 80 flashcards for Theory of Consumer Behavior covering key definitions, facts and ideas. A few sample cards are shown on this page.
How should I revise Theory of Consumer Behavior for the Madhya Pradesh Board Class 12 board exam?
Learn the core ideas first, then work through the 46 practice questions on Theory of Consumer Behavior. Revise definitions regularly and use flashcards for quick recall before the exam.

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