The utility may be defined as:

Related MCQs

• Production may be defined as an act of:
• A utility function shows the relation between …..
• Managerial utility function is expressed as:
• The utility of a commodity is:
• Marginal utility curve of a given consumer is also his:
• In the case of …………… Consumer may moves to higher or lower demand curve
• An increase in income may lead to an increase in the quantity demanded, it is
• A positive income elasticity may be
• Consumer Interview method of demand forecasting may undertaken by;