Related InterviewSolutions

• Aditi went to Beauty Parlour to cut her hairs.
• Write an informative note on paradox of values along with examples.
• Identify and explain the concept from the given illustrations:Nilesh purchased ornaments for his sister.
• Following are the various types of utility and their respective examples. Arrange the information in the form of pairs :
• Choose the wrong pair :Group ‘A’Group ‘B’1. Prof. MarshallLaw of DMU2. Total utilityUtility from last unit3. Cardinal measurementAssumption of law of DMU4. Service utilityKnowledge by teacher
• Choose the wrong pair :Group ‘A’Group ‘B’1. DisutilitNegative MU2. HomogeneityIdentical unit3. Law of DMUExplained by Prof. Gossen4. Maximum TUZero MU
• Critically evaluate the law of Diminishing Marginal Utility.OR Explain the limitations or shorcomings of law of DMU.
• Consumer’s equilibrium is attained when (a) MUX > Px(b) MUX = Px (c) MUX < Px (d) MUX = zero
• Electricity can be used in Fan, TV, iron, computer, etc. because utility is ………(a) subjective concept (b) multi-purpose (c) basis of demand (d) morally colour less
• State with reasons whether you agree or disagree with the following statements:Utility is a subjective concept.