1 |
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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2 |
Total utility is maximised when. |
- A. Marginal utility is zero
- B. Marginal utility falls
- C. Marginal utility rises
- D. Non of the above
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3 |
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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4 |
Law of diminishing marginal utility provides basis for: |
- A. Law of demand
- B. Law of supply
- C. Laws of returns
- D. Law of variable proportions
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5 |
Constant are represented by symbol |
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6 |
How many kinds of data? |
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7 |
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
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8 |
Initial utility of a product is : |
- A. Highest
- B. Lowest
- C. Conatant
- D. None of them
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9 |
How many kinds of equations? |
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10 |
The relationship between two variables that move in the same direction is called |
- A. neutral
- B. positive
- C. independent
- D. dependent
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