1. INDIFFERENCE CURVE:-
The two creme of fair and lovely, enhanced fairness and expert correction . Both the product gives same level of utility.
2. UTILITY ANALYSIS:-
In this the fair and lovely fairness creme and winter fairness creme is taking in to consideration.
in this the consumer may desire to have fairness creme in summer or winter fairness creme . In winter the consumer opt the creme which gives them more satisfaction.
3. MARGINAL UTILITY DIMINISHING OVERTIME:-
The product fair and lovely come in different packages as RS 10/- or RS 50/- . If the consumer buy RS 10/- pack in this his utility diminishes quickly because it is for shorter period.
4. PRICE ELASTICITY OF DEMAND:-
In the price elasticity of demand the consumer measure the product of the fair and lovely and price.If the product price is RS 10/- and the product is 10 gm and on other hand if the price is RS 20/- and the product is 30 gm then consumer will move towards RS 20/- which give him more amount of product in less price.
5. OPPORTUNITY COST:-
The fair and lovely winter creme is more suitable for winter so as people will prefer to buy winter creme weather is is high in price than the ordinary fairness creme. here, the value of something that must be given up to achieve something else.
The two creme of fair and lovely, enhanced fairness and expert correction . Both the product gives same level of utility.
- In this the price of both the product is same.
- the feature of both the product is same.
2. UTILITY ANALYSIS:-
In this the fair and lovely fairness creme and winter fairness creme is taking in to consideration.
in this the consumer may desire to have fairness creme in summer or winter fairness creme . In winter the consumer opt the creme which gives them more satisfaction.
3. MARGINAL UTILITY DIMINISHING OVERTIME:-
The product fair and lovely come in different packages as RS 10/- or RS 50/- . If the consumer buy RS 10/- pack in this his utility diminishes quickly because it is for shorter period.
4. PRICE ELASTICITY OF DEMAND:-
In the price elasticity of demand the consumer measure the product of the fair and lovely and price.If the product price is RS 10/- and the product is 10 gm and on other hand if the price is RS 20/- and the product is 30 gm then consumer will move towards RS 20/- which give him more amount of product in less price.
5. OPPORTUNITY COST:-
The fair and lovely winter creme is more suitable for winter so as people will prefer to buy winter creme weather is is high in price than the ordinary fairness creme. here, the value of something that must be given up to achieve something else.
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