| 1 |
A consumer in equilibrium when marginal utilities are |
- A. minimum
- B. highest
- C. equal
- D. increasing
|
| 2 |
<strike>P</strike>ower of a product which can satisfy human want is. |
- A. Utility
- B. Total utility
- C. Average utility
- D. Marginal utility
|
| 3 |
In economics, one or more persons sharing common consumer budget is called |
- A. social group
- B. consumer union
- C. organisation
- D. household
|
| 4 |
The utility of durable consumer goods. |
- A. Diminishes with the passage of time
- B. Perishes, if not used
- C. Can be obtained constantly
- D. None of the three
|
| 5 |
The quality of commodity that satisfies some human want or need is called |
- A. service
- B. demand
- C. utility
- D. efficiency
|
| 6 |
MU curve |
- A. rises left to right
- B. is always vertical
- C. falls left to right
- D. is always horizontal
|
| 7 |
the term marginal in economics means |
- A. unimportant
- B. additional
- C. the minimum unit
- D. just barely passing
|
| 8 |
General price level and real income of the people are correlated with each other |
- A. Negatively
- B. Positovely
- C. Normally
- D. Sub normally
|
| 9 |
The price of an non-economic good is: |
- A. Very low
- B. Very high
- C. Zero
- D. Negative
|
| 10 |
Law of Equi marginal utlility is a low of |
- A. production of wealth
- B. consumption of wealth
- C. distribution of wealth
- D. exchange of wealth
|
