Consumers Equil...

Which of the following is one of the assumptions of the indifference curve analysis?

The substitute goods of a normal good are those that can be used

_____________ is defined as the difference between what the consumer is willing to pay for a product and what he is able to pay?

Which of the following assumption is not necessary for the cardinal utility theory?

_____________ is the addition to total utility by the consumption of one additional unit of the commodity?

The total utility divided by the number of units consumed is known as?

Marginal utility curve of a given consumer is also his?

The want satisfying power of a commodity is known as:

The concept of marginal utility was developed by?

Consumer’s surplus is also known as?