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In the following diagram of budget line,...

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

A

Bundle which cost equal to money income of consumer

B

Bundle which cost less than money income of consumer

C

Bundle which cost greater than money income of consumer

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

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  2. measures the slope of indifference curve.

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

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  4. How is TU derived from MU ?

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  5. What happends to MU when TU is maximum ?

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  6. An indifference curve always:

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

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

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  9. 'Cardinality'' means utility can be:

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

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

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

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

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

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

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

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  17. Utility :

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

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

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  20. As per Ordinal Approach

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