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Test Report

Theory of Consumer Behaviour

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Test Report

Theory of Consumer Behaviour

Q1. Utility means?

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ANS

units satisfaction power commodity goods

Q2. Utility is expressed in?

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ANS

kilometre centimetre utils litre

Q3. When MU is zero, TU is?

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ANS

maximum minimum zero one

Q4. When MU is negative, TU is?

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ANS

maximum minimum rising diminishing

Q5. Cardinal approach deals with?

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ANS

money satisfaction power goods wealth

Q6. Ordinal appoach deals with?

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ANS

money satisfaction power goods wealth

Q7. Indifference curve slopes?

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ANS

upward sloping downward sloping horizontal vertical

Q8. Shape of indifference curve is?

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ANS

parallel straight convex concave