Download App

Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
Total utility is maximum when:
  1. Marginal utility is zero.
  2. Marginal utility is at its highest point.
  3. Marginal utility is equal to average utility.
  4. Average utility is maximum.
✓

Answer

  1. Marginal utility is zero.

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 Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

In case of deflationary gap, RBI:
  1. Will not change bank rate.
  2. Increases bank rate.
  3. Decreases bank rate.
  4. None of these.
→
Giffen paradox is an exception of _______:
  1. Law of Demand.
  2. Law of Supply.
  3. Law of Production.
  4. Law of Utility.
→
What happens to the level of national income, when aggregate supply exceeds aggregate demand?
  1. Increases.
  2. Decreases.
  3. Remains constant.
  4. None of them.
→
If Marginal Rate of Substitution is constant throughout, the Indifference curve will be:
  1. Parallel to the x-axis.
  2. Downward sloping concave.
  3. Downward sloping convex.
  4. Downward sloping straight line.
→
→
The ratio of exchange between two goods on an Indifference Curve analysis is shown by the __________.
  1. MRS.
  2. Indifference curve.
  3. Price line.
  4. Income consumption curve.
→
At the point of inflexion, the Marginal Product is ______________.
  1. Increasing.
  2. Decreasing.
  3. Maximum.
  4. Negative.
→
What is the difference between the value of exports and value of imports of goods called?
  1. Balance of Payments.
  2. Foreign exchange.
  3. Balance of Trade.
  4. Disequilibrium.
→
In perfect competition, as the firm is a price taker, the ________ curve is a horizontal straight line.
  1. marginal cost.
  2. total cost.
  3. total revenue.
  4. marginal revenue.
→
Price elasticity of demand of a vertical demand curve is called:
  1. Perfectly elastic.
  2. Elastic.
  3. Inelastic.
  4. Perfectly inelastic.
→