In Case of a right angled indifference curve the goods are:
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________shows various combinations of two products that give same amount of satisfaction:
The satisfaction which a consumer derives in the consumption of a commodity is equal to Rs. 320. The price of that commodity is Rs. 180. What will be his consumer surplus?
If total utility of a commodity is 5 and marginal utility is 1, a person consumes 3 units. What is the consumer surplus?
Indifference curves are convex to the origin because they are based on:
At equilibrium, the slope of the indifference curve is:
When indifference curve is L – shaped then two goods will be _____
When marginal utility from the consumption of a commodity is zero, then the:
Indifference curves between income and leisure for an individual are generally:
When Marginal Rate of Substitution is increasing, the shape of Indifference curve:
Which economist said that money is the measuring rod of utility?
The convexity of indifference curve is due to
From which of the following, the concept of consumer’s surplus has been derived?
The law of equi marginal utility considers price of money as:
Indifference curves never intersect each other due to:
Marginal utility curve of a consumer is also his:
Marshallian utility analysis is known as ________.
The difference between what a consumer is ready to pay and what he actually pays is:
When total utility increase at a diminishing rate, marginal utility is
A book “The Nature and significance of Economic Science” is written by:
135 videos|190 docs|88 tests
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135 videos|190 docs|88 tests
|