Why people purchase more when price is based on theory of ___________.
Demand
Marketing
Consumer behavior
Singer-perbish
Utility is _________.
Constant
variable
constant or variable
None of these
When quantity of the goods consumed increases, the slope of the curve __________.
Increases fastly
Decreases fastly
Remain constant
Any of these
Lesser the need for a commodity __________ will be utility.
Greater
lesser
Greater or lesser
The law of diminishing marginal utility is not applicable to __________.
Accumulation of assets
collection of stamps
collection of old coins
All of these
As per modern theory utility can _______.
measurable
not be measured
no data is available
Rationality assumption means that the consumer tries to maximize his __________.
Dis-utility
Utility
Income
None of theses
Utility does not have any __________ connotations.
Ethical
moral
legal
After successive units of consumption, total utility would _________.
Increases
decreases
Reaches maximum
Starts declining
