Multiple Choice
An indifference curve represent
A) four commodities
B) less than two commodities
C) only two commodities
D) only one commodity
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q10: "Utility or satisfaction is a subjective concept;
Q11: At saturation point MU of a commodity
Q12: When Total utility is increasing at an
Q13: A consumer reaches equilibrium when<br>A)marginal utility is
Q14: Ordinal utility analysis is otherwise known as<br>A)gossens
Q16: Engel curve for giffen good is<br>A)positively sloped<br>B)negatively
Q17: Which method is used by Hicks to
Q18: When individuals income falls (everything remain the
Q19: Hicks Allen indifference theory is based on<br>A)weak
Q20: According to Marshall, The law of diminishing