A utility function shows the relation between …..

Related MCQs

• Managerial utility function is expressed as:
• Law of demand shows the functional relationship between _______ and quantity demanded
• Law of demand shows the functional relationship between ………….and quantity demanded
• ………. for a product is a statement of the relation between the quantity supplied and all factors affecting that quantity
• The utility may be defined as:
• The utility of a commodity is:
• Marginal utility curve of a given consumer is also his:
• …………a statement in the form of a table that shows the different quantities of a commodity that a firm or a producer offers for sale in the market at different prices.
• The horizontal demand curve for a commodity shows that its demand is:
• ……… shows the change in quantity demanded as a result of a change in consumers’ income