Utility :

A

Differs from person to person

B

Differs from time to time

C

Differs from product to product

D

All the these

Text Solution

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The correct Answer is:
D
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. The assumption of ''Constant marginal utility of money'' means that im...

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

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  3. Utility :

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

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

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  6. As per Ordinal Approach

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  7. Marginal Utility :

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

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

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

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  11. Budget line shows:

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

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

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  14. The consumer is in equilibrium when Marginal Utility from a Commodity ...

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  15. An Indifference Curve represents all those combinations of two goods w...

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  16. The consumer is in equilibrium at a point where the budget line:

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  17. Which of the shaded area in the diagrams below represent total utility...

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  18. If Marginal Rate of Substituation is constant throughtout, the Indiffe...

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  19. If Marginal Rate of Substituation is increasing throughout, the Indiff...

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  20. A consumer consumes only two goods, If price of one of the goods falls...

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