CONSUMER'S EQUILIBRIUM (By S C Jena , KV3 BBSR)

When Marginal Utility is zero what happens to Total Utility?

• Became Zero
• Became Maximum
• Became Minimum
• None of these

When a consumer consumes two goods X and Y , she will attain equilibrium when

• MUx = MUy
• MUx/Px = MUy/Py
• Px/MUx = Py/MUy
• None of these

When Total Utility Declines Marginal Utility

• Declines
• increases
• became zero
• became negative

Want satisfying power of a commodity is called

• Utility
• Demand
• Consumers equilibrium
• None of these

In which analysis Utility can be measured in numbers?

• Ordinal Analysis
• Cardinal Analysis
• Utility Analysis
• None of these

When Price of Good-1 increases , other things remaining constant , the budget line will

• Pivot inward around the horizontal intercept
• Pivot outward around the horizontal intercept
• Pivot inward around the vertical intercept
• Pivot outward around the Vertical intercept

When income of the Consumer decreases , the budget line

• Shifts rightward
• shifts leftward
• No change
• Rotates inward

Slope of the Budget Line is equal to 

• Price Ratio
• MRSxy
• MRTxy
• None of these

Slope of the Indifference Curve is 

• Price Ratio
• MRSxy
• MRTxy
• None of these

What will be the shape of the Indifference curve when its slope increases?

• convex to origin
• concave to origin
• straight line
• none of these