A utility function shows the relation between …..

Related MCQs

• A consumer with a given income will maximise their utility when:
• Law of equi-marginal utility was suggested by
• The utility may be defined as:
• The utility of a commodity is:
• Marginal utility curve of a given consumer is also his:
• Suppose that the MPC out of disposable income was 0.8 and the tax function for a given economy was T= -30+0.25Y. an increase in the intercept of the tax function of 10 units(from -30 to -20 would cause equilibrium income in the simple Keynesian model to fall by
• In the simple Keynesian model, if the tax function is given by T=0.15Y and the consumption function is C= 50 + 0.7 YD then a 10-unit ncrease in government spending would increase equilibrium income by
• The horizontal demand curve for a commodity shows that its demand is:
• In which production function, the degree of homogeneity is always one
• If the tax function is given by T= -20+0.1 Y the average tax rate would