Related InterviewSolutions

• Indifference means: (a) X is given preference on Y (b) Y is given preference on X (c) Both X and Y are similar preferences (d) None of these
• Diminishing marginal utility principle propounded by : (a) Marshall (b) Gossen (c) pigou (d) Edgeworth
• If the marginal utility of goods is negative then the total utility is : (a) declining (b) increasing (c) constant (d) zero
• Utility in marginal utility theory is : (a) ordinal utility (b) cardinal utility (c) both (d) None of these
• Define marginal rate of substitution.
• Capacity of fulfillment of requirement of goods is called : (a) Productivity (b) Utility (c) Ability (d) Satisfaction
• Write the mathematical form of budget line.
• Prof. J.R. Hicks and Prof. J.D. Allen propounded the cardinal approach in the form of alternative analysis :(a) in 1934(b) in 1935(c) in 1835(d) in 1834
• Attribute of utility is : (a) it changes from commodity to commodity (b) it changes from time to time (c) it changes from person to person (d) All of these
• Why is indifference curve convex to origin?