
CONSUMER'S EQUILIBRIUM
Quiz
•
Other, Social Studies
•
12th Grade
•
Practice Problem
•
Medium

Rajalekshmi S S
Used 33+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What will be the value of MU when TU is maximum?
positive
negative
zero
none of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
MRS is equal to Px/Py then satisfaction will be
minimum
Maximum
zero
one
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cardinal approach is developed by
J R Hicks
Alfred Marshall
Adam Smith
Paul Samuelson
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ordinal Approach is developed by
Hicks and Allen
Alfred Marshall
Adam Smith
Paul Samuelson
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When consumer reaches equilibrium then IC
Straight line
Convex to origin
Concave to origin
All of these
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following can be referred to as 'point of satiety'?
MU is negative
MU is zero
TU is rising
TU is falling
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bundle that the consumer can purchase by spending his entire money income at given prices is represented by
budget line
budget set
consumption bundle
none of these
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