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Ekjyot Gujral
เข้าร่วมเมื่อ 28 พ.ค. 2020
Theory of Critical Minimum Effort
This is a graphical representation depicting the process of growth of an economy according to the theory of critical minimum effort propounded by Harvey Leibenstein.
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Unbalanced growth theory - Path of Development
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This is a graphical description of the Path of development of an economy which follows an unbalanced growth strategy for development as propounded by AO Hirschman.
Modern theory of Rent- Rent earned by a factor having Less than perfectly elastic supply
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Graphical representation of the determination of rent of a factor of production whose supply is less than perfectly elastic under Modern theory of Rent.
Modern theory of Rent- Rent earned by a factor having Perfectly inelastic supply
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Graphical representation of the determination of rent of a factor of production whose supply is perfectly inelastic under Modern theory of Rent.
Modern theory of Rent- Rent earned by a factor having Perfectly elastic supply
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Graphical representation of the determination of rent of a factor of production whose supply is perfectly elastic, under Modern theory of Rent.
Ricardian theory of Rent- Rent under Intensive Cultivation
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Graphical representation of determination of rent under intensive cultivation as per the Ricardian theory of Rent.
Ricardian Theory of Rent- Rent under Extensive cultivation
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This is a graphical representation of determination of rent under extensive cultivation as per the Ricardian theory of rent.
Marginal Productivity theory of Wages
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This is a graphical representation of the Wage determination under Marginal Productivity theory of wages where Wages= ARP=MRP.
Consumer’s Surplus
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This is a graphical representation and determination of Consumer's Surplus as given under Cardinal Utility analysis by Dr Alfred Marshall.
Consumer’s equilibrium
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Graphical representation of the condition for Consumer's equilibrium i.e. when Marginal Utility derived from the commodity becomes equal to the Price paid for it. (MU=P) as per the cardinal utility analysis.
Law of Equi-Marginal Utility
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It is a graphical representation of the second most important law on utility analysis. It represents how a consumer can get maximum satisfaction out of the expenditure made on different commodities with his given income.
Demand and Marginal Utility relationship
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This is a graphical representation of the relationship between Demand and Law of Diminishing Marginal Utility. It tells us that how Marginal Utility helps in determining the demand for a commodity.
Marginal Utility curve
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Law of Diminishing Marginal utility tell us that the Marginal Utility derived from consumption of every successive unit of a commodity goes on diminishing.
Complementary goods
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Graphical representation of price demand relationship between complementary goods. Complementary goods are those that are used together or jointly demanded. Here we have taken the example of car and Petrol. There is an inverse/negative relationship between price of a good and the demand for its complementary good.
Substitute goods
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This video is the Graphical representation of relationship between Price of one good and demand for its substitute good. Substitute goods are the goods that can be used in place of each other. Here we have taken the example of Coke and Pepsi as substitute goods. There is a positive relationship between price of one and the demand for its substitute.
Relationship between total utility and marginal utility
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Relationship between total utility and marginal utility