| 1 |
When total utility is decreasing, marginal utility is |
- A. Zero
- B. Positive
- C. Negative
- D. Maximum
|
| 2 |
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
|
| 3 |
The name of first law of consumption is |
- A. Law of demand
- B. Law of diminishing marginal utility
- C. Law of equi marginal utility
- D. Law of supply
|
| 4 |
Law of equi-marginal utility is also known as: |
- A. Total utility maximizing law
- B. Law of substitution
- C. Law of indifference
- D. All of them
|
| 5 |
Utility is related with |
- A. Usefulness
- B. Useless
- C. Necessities
- D. Desire
|
| 6 |
TU is maximum where MU of all goods is: |
- A. Minimum
- B. Maximum
- C. Negative
- D. Equal
|
| 7 |
Which of the following stated that utility is measurable |
- A. Marshall
- B. Adam Smith
- C. Robbins
- D. Keynes
|
| 8 |
According to law of diminishing marginal utility, marginal utility of a commodity |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Become negative
|
| 9 |
Total utility decreases when marginal utility is |
- A. Positive
- B. Negative
- C. Zero
- D. Maximum
|
| 10 |
Concept of law of diminishing marginal utility was presented by professor |
- A. Marshall
- B. Robbins
- C. Keynes
- D. Pigou
|
