Change in utility resulting from one unit change in consumption is called:

Related MCQs

• When Total utility is increasing at an decreasing rate, marginal utility is
• When Total Utility is maximum, Marginal Utility is :
• When Marginal Utility is negative, Total Utility:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• The slope of the consumption function is called
• Consumption of capital good in the process of production is called as
• Change in demand due to change in relative price alone is called:
• Total utility is maximum when
• Which of the following statement is FALSE with regard to marginal utility
• Which of the following statement is TRUE with regard to total utility