| 1 |
Constant are represented by symbol |
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| 2 |
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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| 3 |
<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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| 4 |
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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| 5 |
When the classify data on the basis of income there will be |
- A. class intervals
- B. class numbers
- C. groups
- D. sections
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| 6 |
Law of equimarginal utility is also called. |
- A. Law of substitution
- B. Law of maximum social benefits
- C. Law of economy
- D. Law of maximum satisfaction
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| 7 |
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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| 8 |
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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| 9 |
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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| 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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