Consumers Equil...

Which of the following statements regarding utility is not true?

Which of the following utility approach is based on the theory of Alfred Marshall?

_____________ is the addition to total utility by the consumption of one additional unit of the commodity?

Which of the following utility approach suggests that utility is a measurable and quantifiable entity?

____________ shows various combinations of two goods that give same amount of satisfaction to the consumer?

Indifference curve slopes___________?

_____________ is defined as the difference between what the consumer is willing to pay for a product and what he actually pays?

According to the law of diminishing marginal utility, _________?

The want satisfying power of a commodity is known as:

What is called point of satiety?