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When a consumer reached at the point of saturation then marginal utility (MU) is:

A. Negative

B. One

C. Positive

D. Zero

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  1. Extension (expansion) of demand means:
  2. When total revenue (TR) falls in monopoly then elasticity of demand is:
  3. The basic subject matter of economics is:
  4. Price effect occurs on the higher IC in case of:
  5. On an indifference map higher indifference curves show:
  6. Perfect competition assumes:
  7. In cournot model, firms face:
  8. Necessary condition for consumer equilibrium is:
  9. In income effect, we:
  10. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  11. In Prisoner Dilemma, the best choice of strategy is:
  12. The partial equilibrium model keeps other things:
  13. Profits of a firm will be calculated taking into account the units produced and the difference between:
  14. In monopolistic competition, the firms follow:
  15. Under monopolistic competition, in long-run there is:
  16. In monopolistic competition, if a firm lowers its price, the rival firms will:
  17. Rational economic behavior on the part of the consumer means that he will:
  18. Opportunity costs are also known as:
  19. On all points of budget (price) line:
  20. The products, under monopolistic competition are differentiated, yet they are:
  21. The advantage of using indifference curves rather than marginal utilities is:
  22. Used cars are sold in:
  23. Which of the following theories of trade cycle was presented by William Jevons?
  24. Substitution effect means a consumer
  25. The Lambda or Langrange Multiplier is a:
  26. If the demand curve is vertical then its slope is:
  27. The short-run periods in monopolistic competition are:
  28. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  29. In monopolistic competition, the individual demand curve is also known as:
  30. Implicit costs are the costs: