Consumers Equil...

A budget constraint line is a result of?

Which of the following statements regarding ordinal utility is true?

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

The coefficient of price elasticity of demand is always

Indifference curve represents?

An indifference curve indicates, ceteris paribus?

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

Which of the following statements regarding utility is not true?

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

Utility is measured in terms of?

An indifference curve is always?

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

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

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

The want satisfying power of a commodity is known as:

The concept of marginal utility was developed by?

Consumer’s surplus is also known as?

MU1 + MU2 + ……..MUn represents?

Utility of a good can be explained as a?

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

Which of the following curve has a negative slope and cannot interest each other?

According to the law of diminishing marginal utility, _________?

What is called point of satiety?

Indifference curve slopes___________?

Consumer’s equilibrium means?