Law of equi marginal utility | lecture 9
Автор: MM Coaching
Загружено: 2026-01-08
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📘 Law of Equi-Marginal Utility | Consumer’s Equilibrium Explained with Examples
In this video, we explain the Law of Equi-Marginal Utility, also known as the Law of Consumer’s Equilibrium, in a simple, clear, and exam-oriented way. This important concept of Micro Economics helps us understand how a rational consumer allocates income among different goods to get maximum satisfaction.
🔍 What you will learn in this video:
✔ Meaning of Law of Equi-Marginal Utility
✔ Definition given by economists
✔ Assumptions of the law
✔ Consumer’s equilibrium explained step-by-step
✔ Practical examples from daily life
✔ Importance of the law
✔ Limitations of Equi-Marginal Utility
✔ Diagram explanation (if included)
📌 Key Concept Explained:
A consumer is in equilibrium when the marginal utility per rupee spent on each good is equal. When this condition is satisfied, the consumer gets maximum total utility from a given income.
📚 Perfect for:
• Class 11 & 12 Economics students
• CBSE, ISC, State Board exams
• Competitive exams (UPSC, SSC, Banking)
• Beginners learning Micro Economics
• Teachers & educators
👍 If you find this video helpful, LIKE, SHARE, and SUBSCRIBE to the channel for more easy and conceptual Economics videos.
💬 Comment below if you want videos on:
• Law of Diminishing Marginal Utility
• Demand & Supply
• Elasticity of Demand
• Consumer Behaviour
• Basic Economics concepts
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