Marginal utility is an economic concept that determines how much of an item a consumer will buy. Positive marginal utility happens when the consumption of the additional item increases. On the other hand, negative marginal utility occurs when the consumption of additional item decreases.
The important of each
micro economics has got a much more importance in our life.The basic concept of micro economics applications are demand,suuply,computation and consumer behaviour.
micro economics is also called?
ten difference of micro economics macro economics
Who is first use a words of micro economics & macro economics
The important of each
micro economics has got a much more importance in our life.The basic concept of micro economics applications are demand,suuply,computation and consumer behaviour.
its a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our businees effectively and efficiently since the micro economics explains the concepts like demnd,production ,supply analysis,so that it maximises the profit.
micro economics is also called?
ten difference of micro economics macro economics
Who is first use a words of micro economics & macro economics
10 examples of micro economics
micro economics and macro economics
macro is a root for large, while micro is, of course, small
Micro economics and macro economics
Alfred marshall made a heroic assumption of 'cetris paribus' which means other things being equal/constant in economics. This assumption he used for the theories he put forth viz. theory of demand,theory of supply,theory of diminishing marginal utility,etc. Most of his theories come under the sub field- micro economics. The assumption of cetris paribus is the main, there are many others for each law besides cetris paribus.
same as of micro economics