MCQ Economics Class 12 Chapter 2 Theory of Consumer Behavior Microeconomics

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MCQ’s For All Chapters – Microeconomics Class 12th

1. Law of Diminishing Marginal Utility states that when more and more units of a commodity ate consumed, marginal utility:

Question 1 of 15

2. When total utility is maximum, marginal utility becomes :

Question 2 of 15

3. If the consumer consume only one commodity ‘X’ he will be in equilibrium when :[Here, MUx= Marginal utility of the good X (in terms of money); Px= Price of good –X]

Question 3 of 15

4. What will be the condition of total utility when marginal utility stays positive ?

Question 4 of 15

5. When TU is increasing at a diminishing rate, MU must be :

Question 5 of 15

6. Marginal utility of a particular commodity at the point of saturation is :

Question 6 of 15

7. Which of the following equations is incorrect ?

Question 7 of 15

8. In which analysis can utility be measured in definite numbers such as 1,2,3,4 etc ?

Question 8 of 15

9. Diagrammatic presentation of consumer’s indifference set is called ?

Question 9 of 15

10. Budget line indicates :

Question 10 of 15

11. Attainable combinations of X and Y are drawn on the assumption that Px and Py are

Question 11 of 15

12. According to IC analysis , a consumer attains equilibrium when :

Question 12 of 15

13. Given the fact that MRS between goods X and Y is diminishing , IC is:

Question 13 of 15

14. An indifference curve is related to

Question 14 of 15

15. The slope of indifference curves is measured by

Question 15 of 15

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