Utility is the concept which is:

Related MCQs

• When Total Utility is maximum, Marginal Utility is :
• When Marginal Utility is negative, Total Utility:
• _________ is distinctive for much greater use of mathematics than the other social sciences, a development made possible by the development of a concept of utility
• Change in utility resulting from one unit change in consumption is called:
• Measurable utility is the postulate of:
• The marginal utility theory is contributed by:
• Which of the following definitions of Economics include the economic concept of ‘scales of Preferences’?
• Which of the following statements best describes the general form of a production function: (i) It is a purely technological relationship between quantities of input and quantities of output. (ii) It represents the technology of an organisation, sector of an economy. (iii) Prices of inputs or of the output do not enter into the production function. (iv) It is a flow concept describing the transformation of inputs into output per unitof time.
• Which one of the following definition of Economics is associated with the name of Lionel Robbins?
• Which of the following embodies a more widely accepted definition of economics?