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Economics MCQs For Lectureship CSS PMS And NTS Part VI

Home/ Economics MCQs For Lectureship CSS PMS And NTS Part VI
Economics MCQs For Lectureship CSS PMS And NTS Part VI

Economics MCQs For Lectureship CSS PMS And NTS Part VI

Ambitious January 23, 2018 MCQs 0 Comments 0 views

11 The total is decreasing when

Marginal is negative

12 Satisfaction is most closely related to

Utility

13 What does the term marginal in economics actually means?

Additional

14 Why Demand Curve slopes downward?

Beacause of the law of Diminishing Marginal Utility

15 What restricts a consumer’s spending?

Budget constraint

16 The second name of Law of Substitution is

Law of Equi-Marginal Utility

17 The law of Equi-Marginal Utility is a

Law of Consumption of wealth

18 Total Utility increases when

Marginal Utility is positive

19 The basis of law of demand is

Diminishing Marginal Utility

20 Total Utility is maximum when

When Marginal Utility = 0

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