Utility Analysis

Who is the father of economics?

• Marshall
• Ricardo
• Robbins
• Adam Smith

TU is

• Total satisfaction
• Satisfaction from consumption of all units
• Sum of MU
• All of these

Which central problem is related to the technique of production?

• What to produce
• How to produce
• For whom to produce
• None of these

Want satisfying power of a commodity is called

• Satisfaction
• MU
• Utility
• TU

When MU is negative TU is

• Zero
• Maximum
• Falling
• Rising

Use of a commodity for the satisfaction of wants is called

• Satisfaction
• Utility
• Consumption
• Using

When Govt introduced Make in India campaign, PPC will shift

• Leftward
• Rightward
• Both right and left
• None of these

Normative economics deals with:-

• What is?
• What are?
• What ought to be?
  What ought to be?
• None of these.

Which economics shows actual data and does not need value judgement?

• PPC
• MOC
• Positive Economics
• Normative economics

What is the slope of PPC?

• moc
• PPC
• MRS
• None of these