Please select a subject first
Advertisements
Advertisements
State whether the following statements are TRUE or FALSE :
The problems of Nation are studied in the micro economy.
Concept: Assumption of Micro Economic Analysis
Fill in the blanks with appropriate alternatives given in the bracket.
If the price of the inferior goods falls, the demand for them will ________.
Concept: Micro Economics - Price Theory
Give reasons or explain the following statement:
Assumptions of micro economics are unrealistic.
Concept: Assumption of Micro Economic Analysis
Give reason or explain the following statement.
Micro Economic theories are based on certain assumptions.
Concept: Assumption of Micro Economic Analysis
Write short answer for the following question :
Functions of Entrepreneur
Concept: Assumption of Micro Economic Analysis
Complete the correlation:
Macro Economics : ______ :: Micro Economics : Price theory.
Concept: Micro Economics - Price Theory
The law of equi-marginal utility is based on certain assumptions.
Concept: Law of Equi-Marginal Utility
Write short note on :
Giffen's paradox.
Concept: Law of Equi-Marginal Utility
State and explain in detail the Law of Diminishing Marginal Utility ?
Concept: Law of Equi-Marginal Utility
State whether the following statements are TRUE or FALSE:
Marginal utility increases with increase in consumption.
Concept: Total Utility and Marginal Utility
State whether the following statements are TRUE or FALSE:
In deficit budget, expenditure is more than income.
Concept: Total Utility and Marginal Utility
The law of equi-marginal utility is based on the law of _________.
Concept: Law of Equi-Marginal Utility
Choose the correct answer :
The capacity of a commodity to satisfy human want is known as _________.
Concept: Total Utility and Marginal Utility
Do you agree with the following statements? Give reasons.
Marginal utility and Total utility is same.
Concept: Total Utility and Marginal Utility
Fill in the blanks with appropriate alternatives given in the bracket.
Marginal consumption function is always ________.
Concept: Total Utility and Marginal Utility
Exceptions to the law of diminishing marginal utility:
- Cardinal measurement
- Hobbies
- Miser
- Money
Concept: Law of Diminishing Marginal Utility
Assertion (A): MU curve slopes upwards.
Reasoning (R): MU goes on diminishing with every successive increase in the consumption of a commodity.
Concept: Law of Diminishing Marginal Utility
Identify & explain the concept from the given illustration.
Kavita consumed an additional unit of bread to satisfy her hunger.
Concept: Basic Concepts of Microeconomics > Utility
State with reason whether you agree or disagree with the following statement
When total utility is maximum, marginal utility is zero.
Concept: Basic Concepts of Microeconomics > Utility
State with reason whether you agree or disagree with the following statement
Marginal utility curve slopes downwards.
Concept: Law of Diminishing Marginal Utility
