Utility and Consumer Behavior 01 Mcqs Preparation Online

1. Demand curve slopes downward because of the law of:

2. Diminishing marginal utility is the basis of:

3. Rotten eggs are:

4. Human wants are:

5. Law of substitution is another name for law of:

6. The term 'marginal' in economics means:

7. A consumer is in equilibrium when marginal utilities are:

8. Utility is most closely related to the term:

9. Law of Equi-marginal Utility is a law of:

10. When marginal is negative, it must be true that:

11. A consumer's spending is restricted because of:

12. Utility and usefulness are:

13. In economics, one or more persons sharing common consumer budget is called:

14. When MU is positive, TU:

15. When MU = 0, TU is: