Home

Marginal Utility (MU) curve is always:

A. Rising

B. Falling

C. Parallel to X-axis

D. Parallel to Y-axis

Correct Answer : B.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Time and Work MCQ Engineering Mechanics MCQ Wave, Motion, and Sound MCQ Theory of Machines MCQ Property of Material MCQ Nature and Scope of Biology MCQ Visual Basic .NET MCQ Rearrangement Set 1 MCQ Planet Kingdom MCQ s-Block Element MCQ Rearrangement Set 10 MCQ Workshop Technology MCQ

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

Submit
Load More..
You can do it
  1. The imaginary differentiation is attributed to difference in:
  2. The utility function u = f(x) is based upon :
  3. When total revenue (TR) falls in monopoly then elasticity of demand is:
  4. If Cobb-Douglas production function is homogeneous of degree less than one (n
  5. If by doubling all inputs in the long run output is less than double, it is a case of:
  6. The feasible part of the demand curve for the monopolist who is charging high price will be:
  7. Marginal cost is the cost:
  8. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  9. The optimal strategy for a player is termed as:
  10. Which industries spend a relatively large share of their revenue on research and development in order…
  11. Marginal Productivity Theory deals with the theory of:
  12. Who finalized the model of monopolistic competition?
  13. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  14. Nash equilibrium says:
  15. The nominal income of a consumer is income in terms of:
  16. The long run total cost is attained by:
  17. The price under perfect competition is settled by:
  18. Market allocation fundamentally relies upon:
  19. According to Diamond Water Paradox diamonds are more expensive than water because:
  20. The slope of isocost line (budget line) shows:
  21. Law of Variable Proportions is regarding in:
  22. Under pure monopoly, there will be:
  23. Income effect operates through an increase
  24. In monopolistic competition, the aim of the firm is to:
  25. In cournot model, during the process of adjustment, the number of firms:
  26. The giffen paradox is an exception to law of:
  27. The point where the supply and demand curves intersect on a graph determines:
  28. Decrease in demand results in:
  29. In the case of substitutes, the cross demand curve slopes
  30. The indirect utility function is a homogeneous function of: