Total utility derived form the consumption of a commodity is equal to Rs. 5. Marginal utility is equal to 1 and consumer has bought 3 units. What will be his consumer surplus?
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The price line or budget line of a consumer is
On which approach, indifference curve analysis is based?
The law of equi marginal utility is one of the laws within whose parameters Marginal Utility Analysis is framed. The other one is:
A consumer buys two commodities X and Y, he should be in equilibrium when:
In the case of complimentary goods the shape of indifference curve will be
The stage in the buyer decision process in which the consumer is aroused to search for more information is called:
When two goods are perfect complementary, the indifference curve is:
Total utility starts decreasing when ______.
The substitution effect of fall in the price of the commodity will lead to:
The convexity of indifference curve is due to:
A book “The Nature and significance of Economic Science” is written by:
Indifference curves never intersect each other due to:
Several characteristics are especially important in influencing an innovation’s rate of adoption. _________ is the degree to which the innovation may be tried on a limited basis.
The law of equi marginal utility considers price of money as:
At equilibrium, the slope of the indifference curve is:
A ___________ is a strong internal stimulus that calls for action.
Total utility derived from then consumption of a commodity is equal to Rs. 5, marginal utility is equal to 1 and consumer has bought 3 units. What will be his consumer surplus?
Incase of a right angled indifference curve the goods are:
All of the following are part of the adoption process that consumers may go through when considering an innovation EXCEPT:
According to Maslow’s Hierarchy of Needs, the lowest order of needs are called:
With respect to post-purchase behavior, the larger the gap between expectations and performance:
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135 videos|190 docs|88 tests
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