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An indifference curve always:...

An indifference curve always:

A

Slope downwards from left to right.

B

Slopes upwards from left to right

C

Is parallel to the Y-axis

D

Is parallel to the X-axis.

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The correct Answer is:
A
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. How is TU derived from MU ?

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  2. What happends to MU when TU is maximum ?

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  3. An indifference curve always:

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

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

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  6. 'Cardinality'' means utility can be:

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

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

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

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

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

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

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

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  14. Utility :

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

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

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  17. As per Ordinal Approach

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  18. Marginal Utility :

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  19. Mollie derives total utility of 10 utils after having 4 mangoes and to...

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  20. After reaching the point of satiety, consumption of additional units o...

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