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If Marginal Utility (MU) is zero, then total utility is:

A. Maximum

B. Minimum

C. Infinite

D. Not measureable

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Inputs or Factors of production are defined as:
  2. Under monopolistic competition, the products sold by the firms are:
  3. Under perfect competition, the average revenue, marginal revenue and price are shown:
  4. When there is decrease in demand the demand curve:
  5. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  6. The main contribution of Prof.Robbins is in the field of:
  7. If production increases under increasing returns to scale, the cost will:
  8. Consumers are likely to get a variety of similar goods under:
  9. Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
  10. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  11. The proportionality rule in production requires that the ratios of MP and factor prices are:
  12. A monopolist is:
  13. A normal profit is:
  14. The giffen paradox is an exception to law of:
  15. We can measure consumers surplus with the help of
  16. The combination of labor and capital where the cost of a given output is minimized is known as:
  17. Ordinal approach includes arranging:
  18. The normal long-run average cost curve is influenced by the:
  19. At a point below the middle of a straight line demand curve, elasticity of demand is:
  20. The supply curve would probably shift to the right if:
  21. In case of giffin good, price effect is:
  22. The good will highest income elasticity is:
  23. The number of sellers in oligopoly are:
  24. The utility function u = f(x) is based upon :
  25. The cost of firms in cournot model are:
  26. Short run cost curves are influenced by:
  27. Which of the following is an implicit cost of production?
  28. For monopolistic competitive firm:
  29. The cobweb model will divergent when the slope of:
  30. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because: