11th Class Principles of Economics MCQS Part I: The User's Perspective Online Test 2

3-cp-3-e-the-specific-quantity-of-a-good-which-a-consumer-wishes-to-purchase-at-a-given-price-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-demand-3-c-2-fp-3-e,3-cp-3-e-to-determine-consumer-27-s-equilibrium-2-c-prof-marshall-got-help-from-the-law-3-a-3-c-2-fp-3-e_-_3-cp-3-e-law-of-equi-marginal-utility-3-c-2-fp-3-e,3-cp-3-e-utility-attained-by-consuming-an-additional-or-last-unit-of-a-commodity-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-emarginal-utility-3-c-2-fp-3-e,3-cp-3-e-when-average-production-is-maximum-2-c-marginal-production-3-a-3-c-2-fp-3-e_-_3-cp-3-eequal-to-average-production-3-c-2-fp-3-e,3-cp-3-e-when-national-product-is-divided-by-population-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-per-capita-income-3-c-2-fp-3-e,3-cp-3-e-which-factor-of-production-is-result-of-human-struggle-3-f-3-c-2-fp-3-e_-_3-cp-3-e-capital-3-c-2-fp-3-e,3-cp-3-e-which-one-of-the-following-represents-fixed-costs-3-f-3-c-2-fp-3-e_-_3-cp-3-ewages-of-permanent-labour-3-c-2-fp-3-e,3-cp-3-e-who-did-present-marginal-productivity-theory-3-f-3-c-2-fp-3-e_-_3-cp-3-e-marshall-and-j-b-clark-3-c-2-fp-3-e,3-cp-3-ea-monopolistic-firm-has-control-of-3-a-3-c-2-fp-3-e_-_3-cp-3-e-whole-market-supply-by-one-firm-3-c-2-fp-3-e,3-cp-3-esupply-curve-shifts-due-to-better-production-techniques-3-a-3-c-2-fp-3-e_-_3-cp-3-erightward-3-c-2-fp-3-e,according-to-the-law-of-diminishing-marginal-utility-2-c-marginal-utility-of-every-new-unit-3-a_-_decreases,after-achieving-point-of-satiation-the-total-utility-starts-3-a_-_declining,consumer-goods-are-those-goods-which-the-consumers-consume-3-a_-_directly,curve-of-law-of-diminishing-marginal-utility-3-a_-_moves-from-left-to-right-downward,initial-utility-is-individual-utilities-of-all-the-units-3-a_-_more,marginal-utility-at-the-point-of-satiety-is-3-a_-_zero,marginal-utility-curve-moves-3-a_-_from-left-to-right-downward,symbol-used-for-utility-is-3-a_-_m,the-goods-which-are-achieved-without-paying-price-are-called-3-a_-_uneconomic-goods,the-utility-derived-from-the-consumption-of-extra-unit-of-a-commodity-is-called-3-a_-_marginal-utility,total-utility-is-maximum-when-marginal-utility-is-3-a_-_zero,utility-of-last-unit-of-commodity-consumed-is-called-3-a_-_marginal-utility,when-no-satisfaction-is-attained-by-the-consumption-of-a-commodity-2-c-its-marginal-utility-is-3-a_-_positive,when-total-utility-declines-2-c-the-marginal-utility-is-3-a_-_negative,who-said-3-a-utility-is-measureable-3-a_-_marshall