Economics Utility and Consumer Behavior 01 Mcqs Preparation Online 0 Utility and Consumer Behavior 01 Mcqs Preparation Online 1. When MU is positive, TU:A. Increases B. Remains constant C. Is highestD. Decreases Loading... 2. The term 'marginal' in economics means:A. AdditionalB. Unimportant C. Just barely passingD. The minimum unit Loading... 3. In economics, one or more persons sharing common consumer budget is called:A. OrganisationB. GatheringC. Business firm D. Household Loading... 4. Human wants are:A. One thousand B. CountableC. InnumerableD. Few Loading... 5. Demand curve slopes downward because of the law of:A. Utility minimizationB. Consumer equilibriumC. Utility maximizationD. Diminishing marginal utility Loading... 6. When marginal is negative, it must be true that:A. The total is decreasingB. The average is negativeC. The average is decreasingD. The total is negative Loading... 7. A consumer's spending is restricted because of:A. Utility maximizationB. Demand curveC. Budget constraintD. Marginal utility Loading... 8. When MU = 0, TU is:A. None of the aboveB. Minimum C. MaximumD. Laws of return Loading... 9. A consumer is in equilibrium when marginal utilities are:A. Minimum B. IncreasingC. HighestD. Equal Loading... 10. Law of substitution is another name for law of:A. Law of Diminishing MUB. SatisfactionC. Law of Equi-MUD. Law of Demand Loading... 11. Utility is most closely related to the term:A. NecessaryB. SatisfactionC. UselessD. Useful Loading... 12. Diminishing marginal utility is the basis of:A. Law of returnsB. Law of supply C. Law of demandD. None of the above Loading... 13. Law of Equi-marginal Utility is a law of:A. Distribution of wealthB. Production of wealth C. Consumption of wealthD. Exchange of wealth Loading... 14. Rotten eggs are:A. ServiceB. Economic goodC. WealthD. Free good Loading... 15. Utility and usefulness are:A. UnrelatedB. DifferentC. Equal D. Similar Loading... Loading... Related PostsPhysics MCQs Online Test 02 for PreparationPhysics MCQs Online Test 01 for PreparationPrivacy PolicyPhysics MCQs For Entry Test 01 Online PreparationPhysics MCQs For Entry Test 2 Online PreparationPakistan Studies MCQs Test 01 Online for PreparationPakistan Studies MCQs Test 02 Online for PreparationPakistan Studies MCQs Test 03 Online for PreparationInformation System MCQs Test 01 Online for PreparationInformation System MCQs Test 02 Online for Preparation Continue Reading Previous Wages Rent Interest and Profit 03 Mcqs Preparation OnlineNext Transport Communication and Human Resources Test 01 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ