Question

some questions related to chapter. consumer equilibrium - utility analysis. from class 11 th. and please no spam. please it's urgent because tomorrow is my exam please help me .
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Answer 1

Question 1

The term ‘marginal’ in economics means

A) Additional

B) Unimportant

C) Minimum Unit

D) None of the above

Question 2

When marginal is negative, it must be true that

A) The average is positive

B) The average is negative

C) The total is decreasing

D) The total is negative

Question 3

The utility is generally related to

A) Satisfaction

B) Necessary

C) Useless

D) Useful

Question 4

The law that defines the demand curve to slopes downward is known as

A) Diminishing marginal utility

B) Utility maximisation

C) Utility minimisation

D) Consumer equilibrium

Question 5

Indifference curves are convex to the origin because

A) Two goods are perfect complementary goods

B) Two goods are imperfect substitutes

C) Two goods are perfect substitutes

D) None of the above

Question 6

When Marginal Utility = 0, Total Utility is

A) Maximum

B) Laws of return

C) Minimum

D) None of the above

Question 7

Diminishing marginal utility is the basis of

A) Law of demand

B) Laws of return

C) Law of supply

D) None of the above

Question 8

A consumer is in equilibrium when marginal utilities are

A) Increasing

B) Equal

C) Minimum

D) Highest

Question 9

A consumer’s spending is restricted because of

A) Utility maximisation

B) Budget constraint

C) Demand curve

D) Marginal utility

Question 10

When MU is positive, TU

A) Decreases

B) Is highest

C) Remains constant

D) Increases

NOTE: BOLD OPTIONS ARE THE ANSWER...

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