99 questions across 12 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.
Choose the correct option
8 Q→02Complete the correlation
10 Q→03Complete the following statements
10 Q→04Identify and explain the concept .
10 Q→05Distinguish between
7 Q→06State with reason, whether you agree or disagree with the following statement
23 Q→07Observe the following table and answer the questions
3 Q→08Answer the following questions in detail
8 Q→09ANSWER IN ONE SENTENCE (GIVE ECONOMIC TERM)
10 Q→10FIND THE ODD WORD OUT.
6 Q→11CHOOSE THE WRONG PAIR.
2 Q→12CHOOSE THE CORRECT PAIR.
2 Q→One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Answer: B.
View full solution →Answer: C.
View full solution →Answer: B.
View full solution →Answer: A.
View full solution →Answer: D.
View full solution →Answer: C.
View full solution →Answer: B.
View full solution →Answer: B.
View full solution →Answer: D.
View full solution →Answer: A.
View full solution →| Units of Com. ‘X’ | TU Units | MU Units |
| 1 | 6 | 6 |
| 2 | 11 | 5 |
| 3 | 15 | 4 |
| 4 | 15 | 0 |
| 5 | 14 | -1 |
(1) Draw TU and MU curve.
(2) Fill in the blanks :
(a) When total utility is maximum marginal utility is ……………..
(b) When total utility falls, marginal utility becomes ……..
| Units of Com. ‘X’ | MU | TU |
| 1 | 12 | 12 |
| 2 | 8 | 20 |
| 3 | 5 | 25 |
| 4 | 3 | 28 |
| 5 | 0 | 28 |
| 6 | -2 | 26 |
(1) Draw MU and TU curve with the help of given schedule.
(2) What is TU at zero MU?
(3) Complete the sentence :
With an increase in consumption, MU goes on diminishing and TU …..
(4) What happens to MU when TU falls?
| Units of Com. ‘X’ | TU Units | MU Units |
| 1 | 6 | 6 |
| 2 | 11 | 5 |
| 3 | 15 | 4 |
| 4 | 15 | 0 |
| 5 | 14 | -1 |
| Group ‘A’ | Group ‘B’ |
| 1. Disutilit | Negative MU |
| 2. Homogeneity | Identical unit |
| 3. Law of DMU | Explained by Prof. Gossen |
| 4. Maximum TU | Zero MU |
| Group ‘A’ | Group ‘B’ |
| 1. Prof. Marshall | Law of DMU |
| 2. Total utility | Utility from last unit |
| 3. Cardinal measurement | Assumption of law of DMU |
| 4. Service utility | Knowledge by teacher |
| Group ‘A’ | Group ‘B’ |
| 1. Ordinal measurement | (a)Maximum TU |
| 2. Principles of Economics | (b) $M U_X>P_X$ |
| 3. Point of satiety | (c) Prof. Alfred Marshall |
| 4. Consumer’s equilibrium | (d) Grading of utility |
| (e) $M U_X>P_X$ |
Answer: A.
View full solution →| Group ‘A’ | Group ‘B’ |
| 1. Total utility | (a) Point of Satiety |
| 2. Zero MU | (b) Furniture from wood |
| 3. Time utility | (c) Aggregate of utilities |
| 4. Form utility | (d) Apples for Kashmir |
| (e) Organ donation |
Answer: C.
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