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We can find total utility by:

A. Multiplying the number of unit by its marginal utility

B. Adding up the marginal utility of all units

C. Multiplying price by number of units

D. None of the above

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

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  1. Which is the other name that is given to the average revenue curve?
  2. The elasticity of demand is equal to slope of demand function divided by:
  3. The cobweb model will convergent when the slope of:
  4. A market demand schedule is obtained by adding individual demand schedules:
  5. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  6. The long-run AC curve is constructed from:
  7. In Prisoners Dillemma, the players are:
  8. From the resource allocation view point, perfect competition is preferable because:
  9. In monopolistic competition, the firm take advantage due to customers:
  10. In monopolistic competition, the real differentiation in products is due to difference in:
  11. Who wrote An Introduction to Positive Economics?
  12. Rational economic behavior on the part of the consumer means that he will:
  13. The situation of single buyer and single seller is called:
  14. If the commodity is normal then Income Effect (I.E) is:
  15. Isocost line shows the combinations of labor and capital where a firms budget is:
  16. The long-run average cost is based on the fact that:
  17. In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
  18. Slope of a demand curve is:
  19. Marginal cost is the cost:
  20. If the price of product increases and in the result the demand for product B also increases then:
  21. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  22. Elasticity of supply means change in supply due to change in:
  23. Moving down along a linear demand curve:
  24. Under competitive conditions, the industry will be in equilibrium:
  25. If X and Y are close substitutes, a fall in price of X will lead to:
  26. The average cost curve is a geometrical illustration of:
  27. According to classical approach, utility can be:
  28. The game theory is concerned with:
  29. The Hicksian indirect utility function in the form of equation is:
  30. In monopolistic competition, the firms have to face: