| 1 |
According to law of equi-marginal utility a consumer will maximises his total utility when |
- A. He spends all his income on the product only
- B. He spends more on one and less on the other
- C. Marginal utility of the two goods are equalised
- D. Not only the marginals utility of the two goods are equalised, but also the marginal utility of each good is equal to its price.
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| 2 |
A bridge will be a |
- A. Private good
- B. Capital goods
- C. Consumer good
- D. Personal good
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| 3 |
The utility of an additional unit of a product is |
- A. Law of demand
- B. Law of substitution
- C. Law of supply
- D. Law of diminishing marginal utility
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| 4 |
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data |
- A. Statistics
- B. Economics analysis
- C. Function
- D. None of these
|
| 5 |
How many kinds of Function |
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| 6 |
Constant are represented by symbol |
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| 7 |
Law of diminishing marginal utility provides basis for: |
- A. Law of demand
- B. Law of supply
- C. Laws of returns
- D. Law of variable proportions
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| 8 |
The maintain social status in life, a person requires. |
- A. Bare necessities of life
- B. Comforts of life
- C. Luxuries of life
- D. All of them
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| 9 |
This is a tool in economic studies |
- A. market
- B. price
- C. firm
- D. functional relation
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| 10 |
Which is the general form of quadratic equation |
- A. x<sup>2</sup>-x-20 = 0
- B. ax<sup>2</sup>+bx +c = 0
- C. x<sup>2</sup>- x -c =0
- D. None of these
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