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Question-1
Modern demand theory uses the analytical approach of _________.
(A)
Law of demand
(B)
Equi- marginal utility
(C)
diminishing marginal utility
(D)
indifference curve
Question-2
If MUx < Px, the consumer would be in an optimum level by purchasing __________ quantity of goods.
(A)
More
(B)
Less
(C)
Same quantity
(D)
Any of these
Question-3
Symbolically equilibrium of the consumer could be expressed by __________
(A)
MUx = Px
(B)
MUx > Px
(C)
MUx < Px
(D)
Any of these
Question-4
The further the curve form the origin, _________ would be the level of satisfaction it represents.
(A)
Higher
(B)
lower
(C)
Same
(D)
Any of these
Question-5
Indifference curve is also known as _______.
(A)
Indifference map
(B)
ISO-utility curve
(C)
ISI-utility curve
(D)
All of these
Question-6
Lower level of indifference curve shows __________ satisfaction.
(A)
Higher
(B)
Lower
(C)
Same
(D)
None of these
Question-7
Indifferences curve approach is based on _____________.
(A)
Cardinal approach
(B)
spatial approach
(C)
Scale of preference
(D)
Any of these
Question-8
Indifference curve is applicable to ________ goods
(A)
One
(B)
Two
(C)
Three
(D)
Number of goods
Question-9
Indifference curve is based on the principle of _________ approach
(A)
Cardinal
(B)
Ordinal
(C)
Spatial
(D)
None of these
Question-10
_________ is the locus of point gives the consumer same level of satisfaction.
(A)
law of demand
(B)
Law of diminishing marginal utility
(C)
Indifference curve
(D)
None of these
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Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
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Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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