Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test

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  • Chapter Name2

Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test

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Question # 1

Consumer's behaviour means:

Question # 2

Feature of a commodity to satisfy human want, is called

Question # 3

Total utility increases when marginal utility is

Question # 4

When marginal utility is zero, than total utility is:

Question # 5

Slope of marginal utility curve is

Question # 6

Consumer's equilibrium takes place at that point where:

Question # 7

The concept of utility is:

Question # 8

When marginal utility is positive, total utility:

Question # 9

Which economist stated that utility is not measurable

Question # 10

The power of a good or service to satisfy a human want is called:

Question # 11

Marginal utility always:

Question # 12

Total utility is maximum when marginal utility is

Question # 13

On which of the following law of diminishing marginal utility is applicable

Question # 14

Objective of a rational consumer is

Question # 15

Concept of law of diminishing marginal utility was presented by professor

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