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प्रश्न
Utility maximising consumers would like to decrease the consumption when ______.
पर्याय
MUx = Px
MUx > Px
MUx < Px
MUx = Py
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उत्तर
Utility maximising consumers would like to decrease the consumption when MUx < Px.
APPEARS IN
संबंधित प्रश्न
Answer the following question :
Explain the relationship between ‘total utility’ and ‘marginal utility’.
State whether the following statements are TRUE or FALSE:
In deficit budget, expenditure is more than income.
Choose the correct answer :
The capacity of a commodity to satisfy human want is known as _________.
Fill in the blank with appropriate alternatives given below:
When MU is ______________ TU decreases.
State the following statement is True or False:
MU and TU are equal at the initial stage.
Define the following concept:
Total utility
Give reason or explain:
Utility is a psychological term.
Give reason or explain:
Utility is ethically neutral.
Write short note on:
Equi-marginal utility
State with reason whether you agree or disagree:
When MU is zero, TU diminishes.
Define marginal utility.
Answer the following question.
Discuss briefly, using a hypothetical schedule, the relation between marginal utility and total utility.
Explain the Law of Equi-Marginal Utility.
What is marginal utility (MU)?
What happens to marginal utility as more units of a good are consumed?
When does total utility reach its maximum point?
