UTILITY I Unit 2 I Microeconomics I Microeconomics Basics

UTILITY I Unit 2 I Microeconomics I Microeconomics Basics #bba #bcom
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👉Topics Cover:
00:32 Introduction
01:33 Meaning of Utility
02:20 Characteristics of Utility
04:23 Measurement of Utility
05:01 Cardinal Approach
06:07 Criticism of Cardinal Approach
07:09 Ordinal Approach
08:47 Types of Utility
08:57 Marginal Utility
11:25 Total Utility
12:03 Relationship of Marginal & Total Utility
14:48 Marginal Analysis
15:37 Significance of Marginal Analysis

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