Managerial Economics Statement Notes for M.Com / MBA (Part-I). Students of M.Com / MBA (Part-I) of any University recognized by Higher Education Commission (HEC), Islamabad belonging to any province i.e. Punjab, Sindh, KPK, Balochistan and Azad Kashmir and can get benefit from these notes. By studying our notes, we can guarantee you for getting maximum marks in your exams.
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Table of Contents
Theory of Consumer Behaviour
- Utility
- Utility and Usefulness
- Determinant of Utility
- Types of Utility
- Marginal Utility
- Total Utility
- Point of Satiety / Point of Saturation
- Relationship between Total Utility and Marginal Utility
- Law of Diminishing Marginal Utility
- Law of Equi-Marginal Utility
- Consumer’s Equilibrium under Cardinal approach-One Commodity Model or law of Diminishing Marginal Utility
Theory of Consumer Demand
- Introduction of Demand and Its Types
- Composite Demand with Definition, Explanation and Examples
- Cross Demand with Definition, Explanation and Examples
- Joint Demand with Definition, Explanation and Examples
- Derived Demand with Definition, Explanation and Examples
- Individual Demand with Definition, Table and Graph
- Direct Demand Definition, Explanation with Examples
- Market Demand Definition, Explanation with Table and Graph
- Price Demand Definition, Explanation with Table and Graph
- Income Demand Definition Explanation with Example ,Table and Graph
- Difference between Direct Demand and Derived Demand
- Law of Demand, Definition, Explanation with Table and Graph
- Reasons of the Negative Slope of Demand Curve
- Assumption of Law of Demand
- Change in Quantity Demand and Change in Demand
- Change in Quantity Demand (Extension of Demand)
- Change in Quantity Demand (Contraction of Demand)
- Change in Demand (Rise of Demand)
- Change in Demand (Fall of Demand)