| 1 |
If a person consumes goods X and Y maximises total utility, then MU per rupee from the two goods must be |
- A. equal
- B. unequal
- C. increasing
- D. decreasing
|
| 2 |
Economic wants. |
- A. Can unlimited
- B. Capital goods
- C. Social goods
- D. Public goods
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| 3 |
When marginal is negative, it must be true that |
- A. the average is negative
- B. the average is decreasing
- C. the total is negative
- D. the total is decreasing
|
| 4 |
<strike>P</strike>ower of a product which can satisfy human want is. |
- A. Utility
- B. Total utility
- C. Average utility
- D. Marginal utility
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| 5 |
Utility is most closely related to the term |
- A. useful
- B. useless
- C. necessary
- D. satisfaction
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| 6 |
The goods used to produce income or wealth are., |
- A. Consumer goods
- B. Manufactured goods
- C. Merit goods
- D. Capital goods
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| 7 |
.Which one is not an economic want. |
- A. Want for food
- B. Want to be a doctor
- C. Want to fall in love
- D. Non of the above
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| 8 |
Utility of a product depends upon |
- A. Knowledge
- B. Ownership
- C. Form
- D. All of them
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| 9 |
When MU=0, TU is |
- A. minimum
- B. maximum
- C. increasing
- D. decreasing
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| 10 |
Only those goods are priced in the market which have: |
- A. Utility
- B. Sacrcity
- C. Transferability
- D. All of the above
|