A
B
C
D
Text Solution
Verified by Experts
The correct Answer is:
Topper's Solved these Questions
Similar Questions
Explore conceptually related problems
SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
- When we add up utility derived from consumption of all the units of th...
Text Solution
|
- Marginal Utility (MU) in terms of money is equl to:
Text Solution
|
- According to the Law of diminishing marginal utility, satisfaction obt...
Text Solution
|
- Indifference Map refers to:
Text Solution
|
- Budget set inculdes:
Text Solution
|
- Indifference curves are :
Text Solution
|
- Which of these is a conditions for consumer's equilibrium by indiffere...
Text Solution
|
- If (MU(X))/(P(X)) gt (MU(Y))/(P(Y)), then to reach the equilbrium posi...
Text Solution
|
- If the consumption of an additional unit of a commodity casues no chan...
Text Solution
|
- An indifference curve is best described as a series of points which sh...
Text Solution
|
- Total Utility is at the point of satiety:
Text Solution
|
- Marginal Utility (MU) of n^(th) unit is calculated as:
Text Solution
|
- In case of single commodity, consumer's equilibrium is achieved when:
Text Solution
|
- measures the slope of indifference curve.
Text Solution
|
- In the following diagram of budget line, point ''D'' represents :
Text Solution
|
- How is TU derived from MU ?
Text Solution
|
- What happends to MU when TU is maximum ?
Text Solution
|
- An indifference curve always:
Text Solution
|
- In case of cardinal utility approach, utility is measured in:
Text Solution
|
- The consumer will be in equilibrium where there is tangency between pr...
Text Solution
|