Economics examination

The satisfaction received from consumption is also known as

• Satiety

• Monotonic preferences

• Utility

• DMU

Rajesh consumes and additional unit of a particular commodity. Thi statement refers to

• Total utility

• Cardinal utility

• Ordinal utility

• Marginal utility

Explain the limitations of the marginal utility theory (5 Marks,5 minutes)

the main reason for a shift in budget line is due to?

• Substitution effect

• Substitution effect

• All

In case of an inferior good conduct in analysis

Tangency of the budget line to the indifference Curve represents the optimal choice of a consumer explain diagrammatically

Solve the following also state formulas :

No of workers - 0,1,2,3,4,5,6,

Total product- 0,100,80,60,40,15,11

Draw the diagram representing tc,afc,avc,atc,mc

Draw the diagram for monopolistic competition In short run

Bring out the effects of deregulation in any form of market structure.