ICSE/ISC Plus 2 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
Why people purchase more when price is based on theory of ___________.

(A) Demand	(B) Marketing
(C) Consumer behavior	(D) Singer-perbish

Question-2
Most of the costumers in the market are _________.

(A) Rational	(B) irrational
(C) psychic	(D) All of these

Question-3
Utility does not posses

(A) Subjectivity	(B) relativity
(C) measurability	(D) Abstract

Question-4
____________ provided a systematic explanation to theory of diminishing marginal utility.

(A) Marshall	(B) HH Gossen
(C) Krugman	(D) None of these

Question-5
The adding up the marginal utility of all units of a commodity is known as ________.

(A) Marginal utility	(B) managerial utility
(C) Total utility	(D) None of these

Question-6 Micro economics uses __________ analysis

(A) General equilibrium	(B)partial equilibrium
(C)standard equilibrium	(D)none of these

Question-7
As more and more of same good is consumed, the intensity of consumption _________.

(A) Increases	(B) Decreases
(C) remains same	(D) Any of these

Question-8
_____________ first proposed the theory of diminishing marginal utility

(A) Marshall	(B) HH Gossen
(C) Krugman	(D) None of these

Question-9
As per traditional theory, utility can ___________.

(A) Measurable	(B) not be measured
(C) no data is available	(D) None of these

Question-10
___________ theories explain the theory of consumer behavior in a market situation.

(A) marginal utility theory	(B) Indifference curve analysis
(C) reveled preference	(D) All of these

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Plus 2 Commerce

ICSE/ISC

Practice in Related Chapters
Micro Economic Theory