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Customers Behavior (Consumer Preferences (Basic Assumptions (Completeness,…
Customers Behavior
Consumer Preferences
Market Basket
Basic Assumptions
Completeness
Transitivity
More is better than less
Indifference Curve
The Shape of Indifference Curve
Indifference Map
The Marginal Rate of Subtitution
Convexity
Perfect Subtitutes
Perfect Complements
Utility and Utility Functions
Ordinal
Cardinal
Consumers Choice
Marginal
Benefit
Cost
Consumer Satisfaction
Corner Solution
Budget Constraints
Budged Line
The effect of Change in income and pricrs
Cost of Living Indexes
Laspeyres Index
Paasche Index
Marginal Utility and Comsumer Choice
Marginal Utility and Happines
Revealed Preference