Complete the correlation

Question 11 Mark

Consumer : To obtain maximum satisfaction :: …………..: To frame various economic policies

Answer

Government

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Question 21 Mark

Increases at a diminishing rate : Total Utility :: Goes on diminishing : …………..

Answer

Marginal Utility

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Question 31 Mark

Homogeneity : Assumption of the law of DMU :: Hobbies : …………..

Answer

Exception of law of DMU

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Question 41 Mark

Want satisfying power : ………….. :: Use value of a commodity : Usefulness

Answer

Utility

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Question 51 Mark

Transport of goods : ………….. :: Storage of goods : Time utility

Answer

Place utility

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Question 61 Mark

Point of satiety : ………….. :: Beyond point of satiety: Dissatisfaction

Answer

Full satisfaction

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Question 71 Mark

Measuring in numbers : …………..:: Higher or Lower level: Ordinal measurement

Answer

Cardinal measurement

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Question 81 Mark

Maximum TU : Zero MU :: TU declines : …………..

Answer

Negative MU

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Question 91 Mark

Additional Utility : Marginal utility :: Aggregate utility : …………..

Answer

Total Utility

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Question 101 Mark

Fan in summer : Time utility :: Sweater in Shimla : …………..

Answer

Place Utility

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Economics Complete the correlation

Take a timed test