Скачать или смотреть Lesson 3- Utility | Types, Cardinal Utility, LDMU & Law of Equi-Marginal Utility Explained

In this lecture, we explore key concepts of consumer behavior in microeconomics, focusing on how individuals derive satisfaction from goods and services.

What’s covered in this video:

Meaning and importance of Utility

Types of Utility – Form, Time, Place & Possession

Introduction to the Cardinal Utility Approach

Assumptions of Cardinal Utility Analysis

Law of Diminishing Marginal Utility (LDMU) – Definition, Example & Graph

Law of Equi-Marginal Utility – Explanation with real-life application

This lecture is perfect for BCom, BBA, BA Economics students, and UGC NET aspirants aiming to strengthen their microeconomics fundamentals.

🧠 Learn how utility drives consumer decisions and how these laws explain demand behavior in real life.

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#Utility #Microeconomics #MarginalUtility #CardinalUtility #EquiMarginalUtility #UGCNET #BBA #BCom