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Question Practice

In what situation would the marginal utility of a good increase?

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

In what situation would the ma...

Single Answer MCQ
Q-00089320

In what situation would the marginal utility of a good increase?

1

With increased consumption of that good.

2

With decreased consumption of that good.

3

When the price of the good decreases.

4

When the price of a substitute good increases.

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Q1.

What does the law of diminishing marginal utility state?

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

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Q3.

Which of the following best describes an indifference curve?

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Q4.

What shapes the typically convex shape of an indifference curve?

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