An indifference curve represent
A) four commodities
B) less than two commodities
C) only two commodities
D) only one commodity
Correct Answer:
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Q4: 'Higher the indifference curve higher will be
Q5: As per indifference curve analysis, consumer always
Q6: Which method is used by Hicks to
Q7: The basic doctrine of consumers' surplus is
Q8: According to Marshall, The law of diminishing
Q10: Indifference curve is always
A)concave to the origin
B)convex
Q11: Engel curve for giffen good is
A)positively sloped
B)negatively
Q12: Marginal utility is
A)always zero
B)increases at a diminishing
Q13: Total utility is
A)the sum total of marginal
Q14: When Total utility is increasing at an
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