Consumer Behaviour

Consumer Behaviour

12th Grade

7 Qs

quiz-placeholder

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Consumer Behaviour

Consumer Behaviour

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Geethu R

Used 31+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the slope of PPC

Downward concave

Downward convex

Upward concave

Upward concave

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The slope of indifference curve is equal to

price ratio

marginal opportunity cost

marginal rate of substitution

all of these

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Budget Set is represented by

(p1x1) + (p2x2) = M

(p1x1) + (p2x2) ≤ M

(p1x1) + (p2x2) >M

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The slope of Budget line is given by

relative price

absolute price

Px/Py

both option 1 & 3

5.

FILL IN THE BLANK QUESTION

10 sec • 1 pt

Marginal Utility of a consumer ___________________ along an indifference curve

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each point on the IC curve shows

different combination of commodities & different level of utility

same combination and same level of utility

different combination and same level of utility

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Slope of Budget line and IC curve

equal on all points

not equal at any point

equal only at point of tangency

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