Consumers Equilibrium and Demand - Online Test
Q1. Which of the following assumption is not necessary for the cardinal utility theory?
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. The doctrine of consumer’s surplus is based on?
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. When the total utility is increasing at an increasing rate, marginal utility is___________?
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. At the saturation point of commodity X, the MUx is?
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. A curve which first moves upwards then downwards is__________?
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. Which of the following is one of the assumptions of the indifference curve analysis?
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. At the point of tangency the slope of the indifference curve is ___________?
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. A movement along a given indifference curve is known as?
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. Marginal utility curve of a given consumer is also his?
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Indifference curve depicts
Answer : Option C
Explaination / Solution:
No Explaination.
