| 1 |
When MU=0, TU is |
- A. minimum
- B. maximum
- C. increasing
- D. decreasing
|
| 2 |
Only those goods are priced in the market which have: |
- A. Utility
- B. Sacrcity
- C. Transferability
- D. All of the above
|
| 3 |
When marginal is negative, it must be true that |
- A. the average is negative
- B. the average is decreasing
- C. the total is negative
- D. the total is decreasing
|
| 4 |
A consumer's spending is restricted because of |
- A. marginal utility
- B. budget constraint
- C. demand curve
- D. unlimited wants
|
| 5 |
A consumer in equilibrium when marginal utilities are |
- A. minimum
- B. highest
- C. equal
- D. increasing
|
| 6 |
Utility and usefulness are |
- A. equal
- B. different
- C. opposite
- D. unrelated
|
| 7 |
The price of an non-economic good is: |
- A. Very low
- B. Very high
- C. Zero
- D. Negative
|
| 8 |
Rotten eggs are |
- A. free good
- B. economic good
- C. service
- D. wealth
|
| 9 |
Diminishing marginal utility is the basis of |
- A. law of supply
- B. law of demand
- C. laws of returns
- D. none of the above
|
| 10 |
<strike>P</strike>ower of a product which can satisfy human want is. |
- A. Utility
- B. Total utility
- C. Average utility
- D. Marginal utility
|