Download App

MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS1 Mark
MCQ
Formula for calculation of marginal utility is:
  • A
    $MU _{ n }= TU _{ n }-T U _{ n +1}$
  • B
    $MU _{ n }= TU _{ n +1}- TU _{ n -1}$
  • ✓
    $MU _{ n }=T U _{ n }-T U _{ n -1}$
  • D
    none of these
✓

Answer

Correct option: C.
$MU _{ n }=T U _{ n }-T U _{ n -1}$
C

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS→MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Elasticity of supply refers to the degree of responsiveness of supply of a good to changes in its:
→
Supply is the:
→
Which of the following does not cause shift of supply curve of a good?
→
Which one of the following statements is correct?
→
Assume that when price is $20$, the quantity demanded is $15$ units and when price is $18$, the quantity demanded is $16$ units. Based on this information what is the marginal revenue resulting from an increase in output from $15$ units to $16$ units?
→
Initially $\frac{M U_X}{P_X}=\frac{M U_Y}{P_Y}$. With a fall in the price of $Y$, the consumption of the commodity- $Y$ :
→
The supply curve shifts to the right because of
→
Average revenue and price are always equal under:
→
Which of the following commodities will be demanded, even if the prices have gone up very high?
→
Differentiated products is a characteristic of: $($Choose the correct alternative$)$
→