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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
▶ 5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 5 - Theory of Consumer's Behaviour : Indifference Curve Analysis - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 5 - Theory of Consumer's Behaviour : Indifference Curve Analysis")
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Solutions for Chapter 5: Theory of Consumer's Behaviour : Indifference Curve Analysis
Below listed, you can find solutions for Chapter 5 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 5 Theory of Consumer's Behaviour : Indifference Curve Analysis TEST QUESTIONS [Pages 5.17 - 5.18]
SHORT ANSWER QUESTIONS
Define an indifference curve.
State two assumptions of indifference curve analysis.
What is an indifference schedule?
What is the price line?
How will you construct the price line?
State the Indifference Map.
What is Marginal Rate of Substitution?
Give the difference between Marginal Rate of Substitution and Diminishing Marginal Utility.
Why does MRS fall?
Explain why the indifference curve is convex to the origin.
SHORT ANSWER QUESTIONS
Define an indifference curve.
State two assumptions of indifference curve analysis.
What is an indifference schedule?
What is the price line?
How will you construct the price line?
State the Indifference Map.
What is Marginal Rate of Substitution?
Discuss the law of diminishing marginal rate of substitution with the help of diagram.
Why does MRS fall?
Mention the relationship between marginal rate of substitution and marginal utility.
Give the difference between Marginal Rate of Substitution and Diminishing Marginal Utility.
Discuss any two properties of the indifference curve.
Prove that indifference curve slopes from left to right downward.
Explain why the indifference curve is convex to the origin.
Explain the following:
Indifference curve for perfect substitutes and complements.
Why two indifference curves cannot intersect each other?
Explain consumer's equilibrium using indifference curve analysis.
Is consumer equilibrium possible under the condition of convexity?
LONG ANSWER QUESTIONS
What is an indifference curve?
Discuss any two properties of the indifference curve.
State two assumptions of indifference curve analysis.
What is Marginal Rate of Substitution?
Give the principle of the marginal rate of substitution fall.
Why does MRS fall?
What is an indifference curve?
What is scale of preference?
What is an indifference map?
What is a budget line?
Tangency between the Price line and indifference curve is the expression of Proportionality between utility and price, explain?
Mention the relationship between marginal rate of substitution and marginal utility.
What is a budget line?
Show how a consumer gets maximum satisfaction by purchasing two commodities with a given income.
Explain why the indifference curve is convex to the origin.
Why is budget line called price line?
Explain consumer's equilibrium using indifference curve analysis.
Explain consumer's equilibrium through the budget line.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 5 Theory of Consumer's Behaviour : Indifference Curve Analysis EXAMINATION CORNER [Page 5.19]
What is an indifference curve?
Discuss any two properties of the indifference curve.
Explain any two properties (characteristics) of the indifference curve with the help of a diagram.
State two differences between utility analysis and indifference curve analysis.
Explain the marginal rate of substitution between two goods.
Explain any two properties (characteristics) of the indifference curve with the help of a diagram.
What is a budget line?
Explain consumer's equilibrium using indifference curve analysis.
What is the difference between cardinal and ordinal measurement of utility?
Solutions for 5: Theory of Consumer's Behaviour : Indifference Curve Analysis
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 5 - Theory of Consumer's Behaviour : Indifference Curve Analysis
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 5 (Theory of Consumer's Behaviour : Indifference Curve Analysis) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 5 Theory of Consumer's Behaviour : Indifference Curve Analysis are Cardinal Approach (Utility Analysis), Total Utility and Marginal Utility, Law of Diminishing Marginal Utility, Consumer's Equilibrium through Cardinal Utility Approach, Law of Equi-Marginal Utility, Importance and Limitations of law of Equi-Marginal Utility, Ordinal Utility Analysis/Indifference Curve Analysis, Alfred Marshall: Key Contributor to Economics, Relationship Between Total Utility and Marginal Utility, Approaches to Consumer Behaviour, Relationship Between Marginal Rate of Substitution and Marginal Utility, Properties of Indifference Curves, Price Line or Budget Line, Consumer's Equilibrium through Indifference Curve Approach, Basic Concepts of Microeconomics > Utility.
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