What is consumer’s surplus? Explain and examine critically the Marshallian measures of consumer’s…
What is consumer’s balance? Explain and discuss critically the Marshallian appraises of consumer’s balance. Explain the concept of consumer balance. What is the Marshallian regularity of measuring consumer balance?
Using carelessness deflexion technique appraise consumer’s balance if
(i) the ultimate benefit of currency is steady,
(ii) ultimate benefit of currency is changeable.