The marginal product is above the average product curve, when the average product is:
What does one take on two axes while drawing an indifference curve?
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If the value of is more than , the consumer__________?
The tangency between price line and indifference curve shows?
Consumer surplus is more in the case of______________?
Marginal utility can be written in terms of symbol as ________?
The value of elasticity in case of a downward sloping demand curve will be
The value of elasticity in case of a rectangular hyperbola demand curve will be
A consumer reaches equilibrium at the point where:
If price elasticity of demand for a good is (-) 3.If the price rises from Rs. 10 to Rs. 12 per unit, what is the percentage change in demand?
If price elasticity of demand for a good is (-) 2.If the price falls from Rs. 8 the consumer buys 50 percent more, what is the new price?
Due to a 10 percent fall in the price of a good, its demand rises from 400 units to 450 units. Calculate its price elasticity of demand.
Due to a rise in the price of a good by Rs.5, its demand decreases from 100 units to 95 units. Its price elasticity of demand is 1.2. Calculate the price before the change.
The elasticity of demand on different points on a linear demand curve is different. It is
What does monotonicity of preferences imply?
What will you say about MU when TU is maximum?
Suppose a consumer’s preferences are monotonic. What can you say about his preference ranking over the bundles (10,10),(10,9) and (9,9)?
Suppose the price elasticity of demand for a good is – 0.2. How will the expenditure on the good be affected if there is a 10 % increase in the price of the good?
A consumer buys 50 units of a good at Rs. 4/- per unit. When its price falls by 25 percent its demand rises to 100 units then the price elasticity of demand will be
Price elasticity of demand for wheat is equal to unity and a household demands 40 Kg of wheat when the price is Rs.1 per kg. At what price will the household demand 20 kg of wheat?
Which of the following law states that the more a consumer consumes of a product the less is the utility he derives from the additional consumption?
In case of relatively more elastic, demand curve is:
Which of the following statements is true about consumer behaviour?
1365 videos|1312 docs|1010 tests
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1365 videos|1312 docs|1010 tests
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