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measures the slope of indifference curve...

______ measures the slope of indifference curve.

A

Budget Line

B

Marginal Rate of Substitution

C

Marginal Rate of Transformation

D

None of these

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The correct Answer is:
B
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. Marginal Utility (MU) of n^(th) unit is calculated as:

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  2. In case of single commodity, consumer's equilibrium is achieved when:

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  3. measures the slope of indifference curve.

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  4. In the following diagram of budget line, point ''D'' represents :

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  5. How is TU derived from MU ?

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  6. What happends to MU when TU is maximum ?

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  7. An indifference curve always:

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  8. In case of cardinal utility approach, utility is measured in:

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  9. The consumer will be in equilibrium where there is tangency between pr...

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  10. 'Cardinality'' means utility can be:

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  11. The slope of price line (in case of commodites X and Y) is given by:

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  12. Which Law states that. ''When a consumer consumes more and more units ...

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  13. In the context of Indifference Curve Analysis, MRS stands for:

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  14. For consumer's equilibrium to be stable, the requirement is:

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  15. The total utility derived by Shyam by eating 6 apples of 300 utils. Ma...

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  16. The assumption of ''Constant marginal utility of money'' means that im...

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  17. When Economists speak of the utility of a certain product, they are re...

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  18. Utility :

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  19. A consumer in conumption of two commodities A and B is at equilibrium...

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  20. The Law of Diminishing Marginal Utility will not hold good if Income o...

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