Economics examination
Authored by R Kk
Business
12th Grade
Used 1+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The satisfaction received from consumption is also known as
Satiety
Monotonic preferences
Utility
DMU
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rajesh consumes and additional unit of a particular commodity. Thi statement refers to
Total utility
Cardinal utility
Ordinal utility
Marginal utility
3.
OPEN ENDED QUESTION
5 mins • 5 pts
Explain the limitations of the marginal utility theory (5 Marks,5 minutes)
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4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the main reason for a shift in budget line is due to?
Substitution effect
Substitution effect
All
5.
DRAW QUESTION
10 mins • 5 pts
In case of an inferior good conduct in analysis
6.
DRAW QUESTION
10 mins • 5 pts
Tangency of the budget line to the indifference Curve represents the optimal choice of a consumer explain diagrammatically
7.
DRAW QUESTION
10 mins • 10 pts
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
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