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Question Practice

Which of the following statements about a consumer's choice is false?

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

Which of the following stateme...

Single Answer MCQ
Q-00089331

Which of the following statements about a consumer's choice is false?

1

Consumers maximize utility given their budget constraint

2

Consumers prefer indifference curves that are further from the origin

3

Consumers always have perfect knowledge of prices

4

Optimum choice occurs where the budget line is tangent to the indifference curve

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Q1.

What does the law of diminishing marginal utility state?

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Q2.

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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