| 1 |
<div>When marginal utility of a product is zero its total utility will be.</div> |
- A. Increase
- B. Decreasing
- C. Maximum
- D. Constant
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| 2 |
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is. |
- A. Negatively slop curve
- B. An indifference curve
- C. Positively sloped Curve
- D. None of the above
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| 3 |
How many kinds of equations? |
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| 4 |
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)
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| 5 |
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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| 6 |
The first law of consumption was presented by. |
- A. Robert Malthus
- B. Loinel Robbins
- C. Alfred Marshall
- D. Pareto
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| 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
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| 8 |
A statement of how one variable affects other variable is |
- A. a quadrant
- B. a variable
- C. an assumption
- D. a functional relationship
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| 9 |
Marginal utility of a product is the utility obtained by consuming. |
- A. First unit of consummption
- B. Each additional unit of consumption
- C. Last unit of consumption
- D. None of the them
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| 10 |
To show data in tables, we must first |
- A. reduce data
- B. expand data
- C. classify data
- D. all of the above
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