[{"id":99433,"question":"Equilibrium of consumer is explained by","choices":[{"text":"negative utility","value":"A"},{"text":"positive utility","value":"B"},{"text":"marginal utility","value":"C"},{"text":"profit","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99432,"question":"MU curve","choices":[{"text":"rises left to right","value":"A"},{"text":"is always vertical","value":"B"},{"text":"falls left to right","value":"C"},{"text":"is always horizontal","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99431,"question":"Indifference curves are convex to the origin because","choices":[{"text":"two goods are perfect substitutes","value":"A"},{"text":"two goods are imperfect substitutes","value":"B"},{"text":"two goods are perfect complementary goods","value":"C"},{"text":"goods area jointly demanded","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99430,"question":"The quality of commodity that satisfies some human want or need is called","choices":[{"text":"service","value":"A"},{"text":"demand","value":"B"},{"text":"utility","value":"C"},{"text":"efficiency","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99429,"question":"When MU=0, TU is","choices":[{"text":"minimum","value":"A"},{"text":"maximum","value":"B"},{"text":"increasing","value":"C"},{"text":"decreasing","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99428,"question":"Diminishing marginal utility is the basis of","choices":[{"text":"law of supply","value":"A"},{"text":"law of demand","value":"B"},{"text":"laws of returns","value":"C"},{"text":"none of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99427,"question":"When MU is positive, TU","choices":[{"text":"increases","value":"A"},{"text":"decreases","value":"B"},{"text":"remains constant","value":"C"},{"text":"is maximum","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99426,"question":"Utility and usefulness are","choices":[{"text":"equal","value":"A"},{"text":"different","value":"B"},{"text":"opposite","value":"C"},{"text":"unrelated","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99425,"question":"Law of Equi marginal utlility is a low of","choices":[{"text":"production of wealth","value":"A"},{"text":"consumption of wealth","value":"B"},{"text":"distribution of wealth","value":"C"},{"text":"exchange of wealth","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99424,"question":"Law of substitution is another name for","choices":[{"text":"law of diminishing MU","value":"A"},{"text":"law of equi-MU","value":"B"},{"text":"law of demand","value":"C"},{"text":"law of satisfaction","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99423,"question":"A consumer's spending is restricted because of","choices":[{"text":"marginal utility","value":"A"},{"text":"budget constraint","value":"B"},{"text":"demand curve","value":"C"},{"text":"unlimited wants","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99422,"question":"Utility is most closely related to the term","choices":[{"text":"useful","value":"A"},{"text":"useless","value":"B"},{"text":"necessary","value":"C"},{"text":"satisfaction","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99421,"question":"the term marginal in economics means","choices":[{"text":"unimportant","value":"A"},{"text":"additional","value":"B"},{"text":"the minimum unit","value":"C"},{"text":"just barely passing","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":99420,"question":"When marginal is negative, it must be true that","choices":[{"text":"the average is negative","value":"A"},{"text":"the average is decreasing","value":"B"},{"text":"the total is negative","value":"C"},{"text":"the total is decreasing","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99419,"question":"In economics, one or more persons sharing common consumer budget is called","choices":[{"text":"social group","value":"A"},{"text":"consumer union","value":"B"},{"text":"organisation","value":"C"},{"text":"household","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":99418,"question":"A consumer in equilibrium when marginal utilities are","choices":[{"text":"minimum","value":"A"},{"text":"highest","value":"B"},{"text":"equal","value":"C"},{"text":"increasing","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99417,"question":"Human wants are","choices":[{"text":"one thousand","value":"A"},{"text":"few","value":"B"},{"text":"innumerable","value":"C"},{"text":"countable","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":99416,"question":"Rotten eggs are","choices":[{"text":"free good","value":"A"},{"text":"economic good","value":"B"},{"text":"service","value":"C"},{"text":"wealth","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99415,"question":"Robbins in his definition","choices":[{"text":"talks of scarcity of resources","value":"A"},{"text":"preached moral values","value":"B"},{"text":"supports Adam smith view","value":"C"},{"text":"none of the above","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":99414,"question":"Economics theory means","choices":[{"text":"economic policy","value":"A"},{"text":"economic principles","value":"B"},{"text":"descriptive economics","value":"C"},{"text":"economics facts","value":"D"},{"value":"E"}],"correctAnswer":2}]