31 questions · timed · auto-graded
| a) | $MRS \times Y$ | 1) | TU-(P xx Q) |
| b) | $e_p$ | 2) | $\frac{\Delta Y }{\Delta X }$ |
| c) | Consumer's surplus | 3) | $\frac{ MU _{ A }}{ P _{ A }}=\frac{ MU _{ O }}{ P _{ O }}$ |
| d) | K | 4) | $\frac{\Delta Q }{\Delta P } \times \frac{ P }{ Q }$ |
| a) | Law of DMU | 1) | Hicks and Allen |
| b) | Consumer's surplus | 2) | Cournot |
| c) | Indifference curve | 3) | Dupuit |
| d) | Law of demand | 4) | H.H.Gossen |
| a) | $e_p=\alpha$ | Horizontal demand curve |
| b) | $e_p=0$ | Vertical demand curve |
| c) | $e_p<1$ | Rectangular hyperbola |
| d) | $e_p>1$ | Flatter demand curve |
| a) | Perfectly elastic demand | $e_p=\alpha$ | |
| b) | Unitary elastic demand | $e_p=0$ | |
| c) | Inelastic demand | $e_p<1$ | |
| d) | Elastic demand | $e_p>1$ | |
| a) | Point elasticity | Upper segment / Lower segment | |
| b) | The law of equimarginal utility | Gossen's second law | |
| c) | Giffen paradox | Ragi, Cholam | |
| d) | Veblen effect | Diamond | |