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Consumer Behavi...

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  • Question 1
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    Which of the following statements regarding utility is not true?

     

  • Question 2
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    Which of the following utility approach is based on the theory of Alfred Marshall?

     

  • Question 3
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    _____________ is the addition to total utility by the consumption of one additional unit of the commodity?

     

  • Question 4
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    Which of the following utility approach suggests that utility is a measurable and quantifiable entity?

     

  • Question 5
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    ____________ shows various combinations of two goods that give same amount of satisfaction to the consumer?

     

  • Question 6
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    In case of relatively more elastic curve, demand curve is:

     

  • Question 7
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     _____________ is defined as the difference between what the consumer is willing to pay for a product and what he actually pays?

     

  • Question 8
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    According to the law of diminishing marginal utility, _________?

     

  • Question 9
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    The want satisfying power of a commodity is known as:

     

  • Question 10
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    What is called point of satiety?

     

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