Consumer goods that yield services or utility over time rather than being used up instantly are termed as

Related MCQs

• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• Scarce inputs that can yield utility through production or provision of goods and services are referred to as:
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• The type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as:
• Goods which are produced for consumption rather than as an intermediate product used in the process of production are referred to as:
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• If total utility is maximum at a point, then marginal utility is -
• When marginal utility is zero, the total utility is -
• The total utility from 9 units of commodity x is 20 and from 10 units is 15. Calculate the marginal utility from 10th unit.