| 1 |
Initial utility of a product is : |
- A. Highest
- B. Lowest
- C. Conatant
- D. None of them
|
| 2 |
In mathematics which letters at the end of alphabet are used to represent variables |
- A. (u,v,w,x,y,z)
- B. (a,b.c.d.e.f.g)
- C. (a.b.c.u.v.w)
- D. ((x,y,z,a,b,c)
|
| 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
|
| 4 |
Who introduced indifference curves to explain consumer's beghavior |
- A. J.R Hicks
- B. Marshall
- C. Robbins
- D. Adam Smith
|
| 5 |
When the classify data on the basis of income there will be |
- A. class intervals
- B. class numbers
- C. groups
- D. sections
|
| 6 |
<div>When marginal utility of a product is zero its total utility will be.</div> |
- A. Increase
- B. Decreasing
- C. Maximum
- D. Constant
|
| 7 |
______ 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
|
| 8 |
The relationship between two variables that move in the same direction is called |
- A. neutral
- B. positive
- C. independent
- D. dependent
|
| 9 |
The talent of a professor is . |
- A. National wealth
- B. International wealth
- C. Personal wealth
- D. Non of them
|
| 10 |
One of the following will not be an assumption of the law of diminishing marginal utility. |
- A. Nature of the product should not changed
- B. Mental condition of the consumer
- C. Income of the consumer should not changed
- D. None of the three
|
