Utility and Consumer Behavior 01 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik Utility and Consumer Behavior 01 Mcqs Preparation Online 1. Demand curve slopes downward because of the law of:A. Consumer equilibriumB. Utility maximizationC. Utility minimizationD. Diminishing marginal utility Loading... 2. Diminishing marginal utility is the basis of:A. Law of returnsB. None of the aboveC. Law of supply D. Law of demand Loading... 3. Rotten eggs are:A. ServiceB. WealthC. Economic goodD. Free good Loading... 4. Human wants are:A. CountableB. FewC. One thousand D. Innumerable Loading... 5. Law of substitution is another name for law of:A. Law of Diminishing MUB. Law of Demand C. Law of Equi-MUD. Satisfaction Loading... 6. The term 'marginal' in economics means:A. The minimum unitB. Just barely passingC. AdditionalD. Unimportant Loading... 7. A consumer is in equilibrium when marginal utilities are:A. Minimum B. EqualC. IncreasingD. Highest Loading... 8. Utility is most closely related to the term:A. UselessB. Useful C. NecessaryD. Satisfaction Loading... 9. Law of Equi-marginal Utility is a law of:A. Exchange of wealthB. Consumption of wealthC. Distribution of wealthD. Production of wealth Loading... 10. When marginal is negative, it must be true that:A. The average is decreasingB. The total is negativeC. The average is negativeD. The total is decreasing Loading... 11. A consumer's spending is restricted because of:A. Utility maximizationB. Budget constraintC. Marginal utility D. Demand curve Loading... 12. Utility and usefulness are:A. DifferentB. Equal C. UnrelatedD. Similar Loading... 13. In economics, one or more persons sharing common consumer budget is called:A. Business firm B. GatheringC. OrganisationD. Household Loading... 14. When MU is positive, TU:A. Is highestB. Increases C. DecreasesD. Remains constant Loading... 15. When MU = 0, TU is:A. Minimum B. Laws of returnC. MaximumD. None of the above Loading... Loading... Related NTS Results Post:Biology Mcqs Test 07 Online PreparationBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 10 Online PreparationChemistry MCQs Test 07 Online PreparationIslamiat Mcqs Test 03 Online PreparationIslamiat Mcqs Test 02 Online Preparation