A unique effort by “zeatutor”
For the first time , MCQs of Economics
The multiple-choice questions of
economics are not regularly available on any channel or any site for which the
students feel a lot of trouble. We decided to take the time out of our busy
schedule to try to make it easier for the students as well as secure their
future.
Encourage us to share, like, follow and subscribe to
all our channels. Thanks.
Copyright©zeatutor.blogspot.com
all rights reserved
Micro
Economics
Consumption Theory / Utility
What is the quality of
something that satisfies human desires?
|
utility |
price |
|
Beauty |
benefits |
When the total utility is at
its maximum, the marginal utility is.
|
negative |
positive |
|
maximum |
zero |
Human efforts that satisfy direct desires are counted.
|
consumption of wealth |
exchange of wealth |
|
born of wealth |
distribution of wealth |
The total utility at the point of absolute satisfaction
is.
|
at zero |
maximum |
|
negative |
minimum |
The initial utility of
something is always.
|
maximum |
positive |
|
zero |
at least |
The law of equal marginal utility
is also known as:
|
law of substitution |
law of diminishing marginal utility |
|
Law of demand |
law of satisfaction |
The utility of each new and additional unit will.
|
decrease |
increase |
|
negative |
positive |
A user gets maximum satisfaction when the utility of everything is.
|
equal |
minimal |
|
maximum |
positive |
Total utility until the marginal
utility is zero:
|
keeps decreasing |
keeps growing |
|
does not change |
stays the same |
When marginal utility reaches
at negative value, the total utility
|
starts decreasing |
doesn't change |
|
stays the same |
Starts increasing |
When the total utility
starts to decrease, marginal utility is.
|
zero |
negative |
|
Minimum |
maximum |
Total utility can never be.
|
zero |
negative |
|
both |
all |
The consumer gets maximum satisfaction when
|
Mux / Px = Muy / Py |
MC = MR |
|
TC = TR |
none |
Utility is related to user’s:
|
heart |
mind |
|
body |
soul |
Sometimes, man also does
illegal work for.
|
wealth |
Paradise |
|
utility |
love |
Utility and advantage are.
|
different |
the same |
|
both |
none |
Customer means the person who.
|
buys goods |
sells goods |
|
uses goods |
none |
Term marginal in economics refers
to.
|
first |
second |
|
middle |
last |
No comments:
Post a Comment
Thanks for visit our site