Consumer's Behaviour
1. Marginal utility diminishes, as consumption of a commodity _________________
increases
decreases
remains constant
becomes zero
2. ______________ refers to want – satisfying power of a
commodity.
usefulness
utility
satisfaction
happiness
3. ______________ utility is the utility derived from the
last unit of a commodity consumed.
Average
Total
Marginal
Zero
4. Marshall assumes __________________ measurement of
utility.
statistical
cardinal
multiple
correct
5. Blood donation has _______________ utility.
place
time
knowledge
form
6. A rational consumer wants ______________ satisfaction.
adequate
maximum
flexible
different
7. Utility depends on the ______________ of want.
intensity
quality
novelty
uniformity
8. ________________ utility is the sum of all the marginal
utilities from the consumption of a commodity.
Total
Marginal
Form
Time
9. Warehouses create ____________ utility
place
service
form
time
10. When MU is _______________, TU decreases.
positive
negative
zero
high
