Respected members, 11th Principles of Economics MCQS Available Here. In this pages your can get 11th Principles of Economics MCQS with Answers. You can read and practice, 11th Principles of Economics MCQS on Different Topic, We make Online question bank with the help of experienced teachers and subject specialists.
FG Study / Quiz is also very useful website for online Quiz and Test sessions. Where FG STUDY Team Design and Develop large Database and Content Management System for the quizzes. We provide wide scale online quiz System for various educational and professional examination. If you are interested please visit our site FG Study Quiz
Remember That The FG STUDY Team Always provide unique and useful content for students. If you have any question or problem do not hesitate to contact us, we will be happy to reply, Thanks
When marginal utility is positive, total utility
Is zero
Does not change
Goes on decreasing
Goes on increasing
To determine consumer’s equilibrium, professor Marshall got help from the law
Law of demand
Law of constant return
Law of diminishing marginal utility
Law of equi marginal utility
When total utility is increasing marginal utility is
Zero
Negative
Positive
Maximum
Slope of marginal utility curve is
Positive
Negative
Vertical
Horizontal
Consumer goods are those goods which the consumers consume
Never
Indirectly
Sometimes
Directly
Feature of a commodity to satisfy human want, is called
Utility
Wealth
Usefulness
Value
Want of a commodity is satisfied, when its marginal utility is
Minimum
Zero
Negative
Positive
When no satisfaction is attained by the consumption of a commodity, its marginal utility is
Negative
Zero
Minimum
Positive
Utility of the last unit of a commodity consumed is called
Positive utility
Negative utility
Total utility
Marginal utility
According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity
We and our third party partners use cookies on our site to offer you a better browsing experience. AcceptReject
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.