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Consumers Equil...

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  • Question 1
    1 / -0

    Which of the following law states that the more a consumer consumes of a product the less is the utility he derives from the additional consumption?

  • Question 2
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    ___________ is the rate at which a consumer is willing to substitute one good for the other maintaining the same level of utility?

  • Question 3
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    How would you calculate the new partner’s capital, when it is not given in the question?

  • Question 4
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    The total utility divided by the number of units consumed is known as?

  • Question 5
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    According to Marshall, the law of diminishing marginal utility applies on ___________?

  • Question 6
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    The coefficient of price elasticity of demand is always

  • Question 7
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    When the total utility is increasing at an increasing rate, marginal utility is___________?

  • Question 8
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    At the point of tangency the slope of the indifference curve is ___________?

  • Question 9
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    A movement along a given indifference curve is known as?

  • Question 10
    1 / -0

    Consumer surplus is more in the case of ________ ?

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