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Moving along an indifference curve leaves the consumer:

A. Better off

B. Worse off

C. Neither better nor worse off

D. None of the above

Correct Answer : C.


Moving along the same indifferent curve, the consumer gets equal level of satisfaction so moving from one point to another on the same indifferent curve leaves it neither better nor worse off.}

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  5. The central problem of economics is:
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  7. Technological efficiency:
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  10. In income effect, we:
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  12. Social costs equal private costs when:
  13. Which is not an essential feature of a socialist economy?
  14. The CES production function shows:
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  16. Marshallian demand function is also known as:
  17. The concept of period refers to:
  18. Marginal Productivity Theory deals with the theory of:
  19. In substitution effect and income effect:
  20. In centralized cartel, the firms are like:
  21. Which of the following would be least likely to cause a consumer to eat less beef?
  22. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  23. The production function of homogeneous of degree one (n=1) is also called:
  24. The Chamberline model recognizes mutual:
  25. In cournot model firms:
  26. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  27. When total revenue is maximum in monopoly, elasticity of demand is:
  28. In monopolistic competition, the firm take advantage due to customers:
  29. We can find total utility by:
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