Utilitas

1. 1.       What is a utility?

• A. Satisfaction obtained from one additional unit of goods.

• • B. Satisfaction obtained from total consumption of goods.

• • C. The cost required to purchase the goods.

• • D. The number of goods consumed by the individual.

2.       When a person consumes more ice cream, he feels that his satisfaction decreases with each subsequent spoonful. It is referred to as?

• • A. Total Utility

• • B. Increased Marginal Utility

• • C. Declining Marginal Utility

• • D. Effects of Substitution

3.      If one gets a total utility of 50 from consuming 5 units of goods and 58 from 6 units, then the marginal utility of the 6th unit is?

• A. 8

• B. 10

• C.58

• D. 6

4.      Declining marginal utility relates to the shape of the demand curve that?

• • A. Tends to increase

• • B. Flat

• C. Irregularities

• • D. Tends to decline

5.      The following factors that are not factors affecting demand are?

• • A. Prices of substitute goods

• • B. Consumer preferences

• • C. Production price

• • D. Consumer income

6.      If a person's income rises, then the demand for normal goods will usually be?

• • A. Ascend

• • B. Fixed

• • C. Down

• • D. Uncertainty

7.      When a company lowers the price of a product and offers discounts to increase sales, it leverages the concept?

• • A. Effects of Substitution

• B. Increased Marginal Utility

• • C. Declining Marginal Utility

• • D. Consumer Preferences

8.      If the price of smartphones decreases, then the demand for smartphones tends to?

• • A. Increase

• • B. Fixed

• • C. Unchanging

• • D. Decline

9.      One of the SDGs related to the concept of utility and demand is SDG 12, which focuses on?

• • A. Reducing poverty

• • B. Responsible consumption and production

• • C. Decent work and economic growth

• • D. Quality education

10.      If a product has low marginal utility, then the company will usually?

• • A. Providing discounts or bundling packages

• • B. Increasing product prices

• • C. Reduce production costs

• • D. Reduce the amount of production