Question # 1

Who introduced indifference curves to explain consumer's beghavior

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J.R Hicks

Marshall

Robbins

Adam Smith

The utility of an additional unit of a product is

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Law of demand

Law of substitution

Law of supply

Law of diminishing marginal utility

The talent of a professor is .

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National wealth

International wealth

Personal wealth

Non of them

This is a tool in economic studies

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market

price

firm

functional relation

If we plot the equation y = 20 +3x, its slope is

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20

3

20/3

Indeterminate

A ______ is something which is measurable and can take on different values

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Variable

Constant

Both a and b

None of these

Total utility is maximised when.

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Marginal utility is zero

Marginal utility falls

Marginal utility rises

Non of the above

To show data in tables, we must first

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reduce data

expand data

classify data

all of the above

3x²=0 is an equation

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linear

quadratic

general

first degree

A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.

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Negatively slop curve

An indifference curve

Positively sloped Curve

None of the above

The first law of consumption was presented by.

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Robert Malthus

Loinel Robbins

Alfred Marshall

Pareto

How many kinds of equations?

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4

3

2

5

Law of equimarginal utility is also called.

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Law of substitution

Law of maximum social benefits

Law of economy

Law of maximum satisfaction

A statement of how one variable affects other variable is

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a quadrant

a variable

an assumption

a functional relationship

How many kinds of data?

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2

3

4

5

In mathematics which letters at the end of alphabet are used to represent variables

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(u,v,w,x,y,z)

(a,b.c.d.e.f.g)

(a.b.c.u.v.w)

((x,y,z,a,b,c)

How many Kinds of variables?

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There are many kinds of variables

There are 2 kinds of variables

There are 3 kinds of variables

There are 4 kinds of variables

According to law of diminishing marginal utilities , a consumer maximises his total utility where.

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MU_a = MP_a

MU_a = AU_a

MU_a = TC_a

MU_a = P_a

The maintain social status in life, a person requires.

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Bare necessities of life

Comforts of life

Luxuries of life

All of them

How many kinds of Function

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2

3

4

5

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