As per modern theory utility can _______.
measurable
not be measured
no data is available
None of these
When the total utility reaches maximum, the slope of the marginal utility curve would be ___________.
One
zero
infinity
Any of these
A consumer spends his income on different goods and services in such a way as to maximize his ________.
Marginal utility
Managerial utility
Total utility
___________ theories explain the theory of consumer behavior in a market situation.
marginal utility theory
Indifference curve analysis
reveled preference
All of these
Utility posses relevance to :
Usefulenss
expected satisfaction
Social sanction