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The slope of price line (in case of comm...

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

A

Taste and preferences of consumer

B

Prices of both the commodities

C

Price of commodity X alone

D

Price of commodity Y alone

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The correct Answer is:
B
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. The consumer will be in equilibrium where there is tangency between pr...

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  2. 'Cardinality'' means utility can be:

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

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

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

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

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

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

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

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  10. Utility :

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

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

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  13. As per Ordinal Approach

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  14. Marginal Utility :

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

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

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  17. According to one of the assumption of Law of Diminishing Marginal Util...

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  18. Budget line shows:

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  19. MU(X) " of " X " is " 40 " and " MU(Y) of Y is 30. It the price of Y i...

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  20. The farther the Indifference Curve is from the origin, then :

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