Consumers Equilibrium and Demand - Online Test
Q1. What is called point of satiety?
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. The total utility divided by the number of units consumed is known as?
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Utility is measured in terms of?
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. The concept of marginal utility was developed by?
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Indifference curve represents?
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. MU1 + MU2 + ……..MUn represents?
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. A budget constraint line is a result of?
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. An indifference curve is always?
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. According to Marshall, the law of diminishing marginal utility applies on ___________?
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. Consumer’s equilibrium means?
Answer : Option B
Explaination / Solution:
No Explaination.
