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Question Practice

If a consumer prefers more of a good as long as its marginal utility is positive, what will they do?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

If a consumer prefers more of ...

Single Answer MCQ
Q-00089307

If a consumer prefers more of a good as long as its marginal utility is positive, what will they do?

1

Stay at the same quantity.

2

Increase consumption of that good.

3

Decrease consumption of that good.

4

Switch to another good.

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What does the law of diminishing marginal utility state?

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Which of the following best describes an indifference curve?

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Q3.

What shapes the typically convex shape of an indifference curve?

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Q4.

If two indifference curves intersect, what can be inferred?

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