Consumer Equilibrium Class 11 Notes Free !!link!! [ 2025-2027 ]

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This is a fundamental law of economics. It states that as a consumer consumes more and more units of a commodity, the marginal utility derived from each successive unit goes on decreasing, provided the consumption of other commodities remains constant. This principle is the basis for most consumer equilibrium analysis.

When MU decreases but remains positive, TU increases at a diminishing rate. consumer equilibrium class 11 notes free

For the utility approach to be valid, certain assumptions are made:

Ans: It is convex due to the diminishing MRScap M cap R cap S This public link is valid for 7 days

: The slope of the IC (MRS) must equal the slope of the Budget Line (Price Ratio).

The Law of Diminishing Marginal Utility states that as a consumer consumes more and more units of a commodity, the marginal utility derived from each successive unit declines. Assumptions of the Law Can’t copy the link right now

✅ These notes are free to use , share, or print. ✅ Covers full CBSE/NCERT Class 11 Microeconomics syllabus for Consumer Equilibrium (Utility Analysis).