Economics Ics Part 1 English Medium Chapter 3 Online Test

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  • Available questions38
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Economics Ics Part 1 English Medium Chapter 3 Online Test

  • Total Questions20

  • Time Allowed30

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Economics Ics Part 1 English Medium Chapter 3 Online Test

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Question # 1

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

Question # 2

According to law of equi-marginal utility a consumer will maximises his total utility when

Question # 3

Initial utility of a product is :

Question # 4

Law of equi marginal utility provides basis for.

Question # 5

Total utility is maximised when.

Question # 6

A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of

Question # 7

This is a tool in economic studies

Question # 8

How many kinds of data?

Question # 9

When marginal utility of a product is zero its total utility will be.

Question # 10

How many Kinds of variables?

Question # 11

One of the following is not an exception to the law of diminishing marginal utility .

Question # 12

The first law of consumption was presented by.

Question # 13

3x2=0 is an equation

Question # 14

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

Question # 15

The maintain social status in life, a person requires.

Question # 16

The utility of an additional unit of a product is

Question # 17

To show data in tables, we must first

Question # 18

if X and Y scales are the same a line making 45-degree angle with X-axis has slope

Question # 19

Variable are represented by symbol

Question # 20

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

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