Consumer Behavior

Consumer Behavior

University

10 Qs

quiz-placeholder

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Consumer Behavior

Consumer Behavior

Assessment

Quiz

Arts, Other

University

Practice Problem

Medium

Created by

Dinesh Raj Subedi

Used 163+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Utility is the power of ....

Buying goods

Satisfying human wants

Verifying goods

Consuming goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Units of utility is ....

Rs

Kg

Quintals

Utils

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marginal utility is the utility obtained by .....

consumption of each unit

consumption of two units

Total consumption

Consumption of first unit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An indifference curve is combination of the points showing .....

Different satisfaction

More satisfaction

Less satisfaction

Equal satisfaction

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total utility is the ......

Difference of each marginal utility

Sum of each marginal utility

Multiplication of each marginal utility

Division of each marginal utility

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget line is the combination of ....

Goods

Satisfaction

Different level of expenditure

Different level of satisfaction

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumer's equilibrium is that state of consumer where he maximizes .....

Expenditure

Consumption

Profit

Satisfaction or utility

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