CB APC

Marginal utility Concept is

• Cardinal

• Ordinal

• Both a and B

• None of these

When TU MAX MU is

• zero

• Negative

• A and B

• None of these

Indifference curve is

• Convex to origin

• Concave

• Both a and B

• None of these

Consumer surplus is based on

• Diminishing marginal utility

• Law of demand

• Indifference curve approach

• None of these

Cardinal approach of utility is given by

• Marshall

• pigni

• Hicks

• Samuelson

Indifference curve are convex to the origin due to

• Diminishing MRS

• Increasing mrs

• Law of equip marginal utility

• Law of diminishing marginal utility

Indifference map refers to

• Lowest indifference curve

• Family of indifference curve

• Highest indifference curve

• None of these

The slope of indifference curve is measured by

• Marginal rate of substitution

• Budget line

• Marginal rate of transformation

• None of these

An indifference curve always

• Slopes downward from left to right

• Slopes upward from left to right

• Is parallel to Y axis

• Is parallel to X axis

Utility measured in cardinal approach by

• Rupees

• Ranks

• utils

• None of these