SS 2 ECONOMICS. First Mid Term Test. 2025/2026.

WHEN TU FALLS , MU IS

• POSITIVE

• ZERO

• NEGATIVE

• NON OF ABOVE

As more of a good is consumed, Total Utility

• increases

• decreases

• remains the same

• becomes negative and then turns positive

Which of the following concepts is true?

• The ability to satisfy human wants in a good or service is called its utility

• The ability to satisfy human wants in a good or service is called its profitability

• The ability to satisfy human wants in a good or service is called its productivity

• The ability to satisfy human wants in a good or service is called its satisfaction

Which of the following statements is true about consumer behaviour?

• Consumer behaviour is the study of income analysis

• Consumer behaviour is the study of microeconomics

• Consumer behaviour is the study of macroeconomics

• Consumer behaviour is the study of market trends

Which of the following statements is true about consumer behaviour?

• Consumer behaviour is the study of income analysis

• Consumer behaviour is the study of microeconomics

• Consumer behaviour is the study of macroeconomics

• Consumer behaviour is the study of market trends

In which analysis Utility can be measured in numbers?

• Ordinal Analysis

• Cardinal Analysis

• Utility Analysis

• None of these

Want satisfying power of a commodity is called

• Utility

• Demand

• Consumers equilibrium

• None of these

When Total Utility Declines Marginal Utility

• Declines

• increases

• became zero

• became negative

When Marginal Utility is zero what happens to Total Utility?

• Became Zero

• Became Maximum

• Became Minimum

• None of these

Which of the following will not shift a country's production possibilities frontier outward?

• an advance in technology
• an increase in the labour force
• an increase in the capital stock
• a reduction in unemployment