| 1 |
When marginal utility is negative, then total utility |
- A. Decreases
- B. Increases
- C. Does not change
- D. Becomes negative
|
| 2 |
When marginal utility is positive, total utility: |
- A. Decreases
- B. Increases
- C. Zero
- D. All of them
|
| 3 |
Total utility is maximum when marginal utility is |
- A. Positive
- B. Negative
- C. Zero
- D. Minimum
|
| 4 |
Capital goods are those which can satisfy human wants: |
- A. Directly
- B. Indirectly
- C. Proportionate
- D. None of these
|
| 5 |
Consumer's equilibrium takes place at that point where: |
- A. MU is negative
- B. MU is positve
- C. TU is maximum
- D. MU is maximum
|
| 6 |
When marginal utility is negative, total utility: |
- A. Decreases
- B. Increases
- C. Does not change
- D. Negative
|
| 7 |
In mathematics, symbol for utility is used |
|
| 8 |
When marginal utility is zero, than total utility is: |
- A. Minimum
- B. Positive
- C. Maximum
- D. Zero
|
| 9 |
Which economist did present, cardinal theory of utility |
- A. Marshall
- B. Karoos
- C. Cannon
- D. J.B. Say
|
| 10 |
Other name of law of equi marginal utility is |
- A. Law of diminishing marginal utility
- B. Law of demand
- C. Law of constant return
- D. Law of indifference
|
