8. If MU is zero, then total utility is:
(a) it gets more expensive(b) a household consumes more of it(c) preference changes(d) a household’s income goes up
8. If MU is zero, then total utility is: Read More »
7. Marginal utility is only meant for:
(a) it gets more expensive(b) a household consumes more of it(c) preference changes(d) a household’s income goes up
7. Marginal utility is only meant for: Read More »
6. For which of the following would households preferences be most stable over.
(a) it gets more expensive(b) a household consumes more of it(c) preference changes(d) a household’s income goes up
6. For which of the following would households preferences be most stable over. Read More »
5. According to Marshall, utility:
(a) can be added (b) can be subtracte(c) can be multiplied (d) can be divided
5. According to Marshall, utility: Read More »
4. The utility function u = f (x) is based opon:
(a) one good (b) many goods (c) two goods (d) few goods
4. The utility function u = f (x) is based opon: Read More »
3. According to classical theory, utility:
(a) can be ranked(b) can be counted(c) can be expressed in numbers(d) cannot be expressed in numbers
3. According to classical theory, utility: Read More »
2. Marshhallian approach is also known as:
(a) cardinal approach (b) ordinal approach(c) consumer approach (d) producer approach
2. Marshhallian approach is also known as: Read More »
1. When a consumer is satisfied with his spending pattern, he is said to be in:
(a) balanced state (b) equilibrium(c) disequilibrium (d) Static form
1. When a consumer is satisfied with his spending pattern, he is said to be in: Read More »