Theory of Consumer Behavior in Economics (Full Lecture)

[@KJNEducation_Ethiopia]

Table of Content of This video
Intro - 00:00
Definition of Theory of Consumer Theory - 00:30
Concept of Utility - 01:00
Assumptions of Cardinal Utility Theory -05:00
Total Utility Definition - 11:00
Marginal Utility Definition - 12:50
Law of Diminishing Marginal Utility (LDMU) - 21:25
The Consumer Maximization Problem - For one commodity - 23:05
The Consumer Maximization Problem - For more than one commodity - 30:07
Ordinal Utility Theory - 34:30

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Unit Two❤

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