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Q.1
Which economist said that money is the measuring rod of utility?
A.C Pigou
Marshall
Adam Smith
Robbins
Q.2
Marginal utility is a ------ Concept.
Cardinal
Ordinal
Both
None
Q.3
On which approach, indifference curve analysis is based?
Cardinal approach.
Ordinal approach.
Cardinal and ordinal both.
None of the above.
Q.4
When the TU is maximum then MU is?
Zero
Negative
Both
None.
Q.5
When marginal utility from the consumption of a commodity is zero, then the:
Total utility is zero
Total utility is highest
Total utility is rising
Total utility is falling.
Q.6
Total utility starts decreasing when --------------.
Marginal utility becomes zero
Marginal utility is positive
Marginal utility becomes negative
None of these
Q.7
An indifference curve is always:
(a) Concave to the origin
(b) Convex to the origin
(c) L – shaped
(d) A vertical straight line
0 h : 0 m : 1 s
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