Question types

Consumption Analysis question types

43 questions across 3 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

43
Questions
3
Question groups
5
Question types
Sample Questions

Consumption Analysis questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ1 Mark
a)$MRS \times Y$1)TU-(P xx Q)
b)$e_p$2)$\frac{\Delta Y }{\Delta X }$
c)Consumer's surplus3)$\frac{ MU _{ A }}{ P _{ A }}=\frac{ MU _{ O }}{ P _{ O }}$
d)K4)$\frac{\Delta Q }{\Delta P } \times \frac{ P }{ Q }$
  • A
     4 3 2 1
  • B
    ) 2 1 4 3
  • C
     3 4 2 1
  • 3 1 4 2

Answer: D.

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Q 2MCQ1 Mark
a)Law of DMU1)Hicks and Allen
b)Consumer's surplus2)Cournot
c)Indifference curve3)Dupuit
d)Law of demand4)H.H.Gossen
  • A
    1 2 3 4
  • 3 4 2 1
  • C
    2 3 4 1
  • D
    4 3 2 1

Answer: B.

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Q 3MCQ1 Mark
_________ is the basis of all the laws of consumption.
  • A
    Law of demand
  • B
    Law of consumerism
  • C
    Law of elasticity
  • Law of diminishing marginal utility

Answer: D.

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Q 4MCQ1 Mark
_________ law is helpful in attaining social justice.
  • A
    Law of demand
  • Law of diminishing marginal utility
  • C
    Law of Equi-marginal utility
  • D
    None of the above

Answer: B.

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