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Consumer Choice - Mastering Consumer Choice a Roadmap to Informed Decision-Making - cover

Consumer Choice - Mastering Consumer Choice a Roadmap to Informed Decision-Making

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

What is Consumer Choice
 
The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves. It analyzes how consumers maximize the desirability of their consumption, by maximizing utility subject to a consumer budget constraint.Factors influencing consumers' evaluation of the utility of goods include: income level, cultural factors, product information and physio-psychological factors.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Consumer choice
 
Chapter 2: Utility
 
Chapter 3: Indifference curve
 
Chapter 4: Budget constraint
 
Chapter 5: Substitute good
 
Chapter 6: Marginal rate of substitution
 
Chapter 7: Income-consumption curve
 
Chapter 8: Substitution effect
 
Chapter 9: Law of demand
 
Chapter 10: Utility maximization problem
 
Chapter 11: Marshallian demand function
 
Chapter 12: Revealed preference
 
Chapter 13: Hicksian demand function
 
Chapter 14: Corner solution
 
Chapter 15: Relative price
 
Chapter 16: Local nonsatiation
 
Chapter 17: Quasilinear utility
 
Chapter 18: Homothetic preferences
 
Chapter 19: Preference (economics)
 
Chapter 20: Robinson Crusoe economy
 
Chapter 21: Linear utility
 
(II) Answering the public top questions about consumer choice.
 
(III) Real world examples for the usage of consumer choice in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Consumer Choice.
Available since: 02/12/2024.
Print length: 228 pages.

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