Q. 4. Observe the given table and answer the questions: Unit of a commodity TU units MU units 1 6 2 11 5 3 15 4 4 15 5 14 -1 1) Draw total utility curve and marginal utility curve. 2) a) When total utility is maximum marginal utility is[ b) When total utility falls, marginal utility becomes
Q. 4. Observe the given table and answer the questions: Unit of a commodity TU units MU units 1 6 2 11 5 3 15 4 4 15 5 14 -1 1) Draw total utility curve and marginal utility curve. 2) a) When total utility is maximum marginal utility is[ b) When total utility falls, marginal utility becomes
Chapter21: Demand: Consumer Choic
Section: Chapter Questions
Problem 1E
Related questions
Question
Transcribed Image Text:Q. 4. Observe the given table and answer the
questions:
Unit of a commodity TU units MU units
1
11
5
3
15
4
4
15
5
14
-1
1) Draw total utility curve and marginal utility
curve.
2) a) When total utility is maximum marginal
utility is O
b) When total utility falls, marginal utility
becomes|
2) Observe the given diagram and answer th
4 /5
following questions :
D. D
D.
P.
-D
Q
Q
Q
Quantity Demanded in kgs
1) Rightward shift in demand curve
2) Leftward shift in demand curve
3) Price remains
..........
4) Increase and decrease in demand comes
under. .
Price in ?
Transcribed Image Text:Huzurpaga English medium School and Junior College.
Laxmi Road
Subject : Economics
Term-1
Total-50 Mark
Q.1A) Complete the correlation.
(3 marks)
1. Microeconomics : Slicing method
Macroeconomics:
2. Pen and ink :
Tea and coffee: Substitutes.
3. Demand curve: Downward
Supply curve:
Q.1.B) Match the correct pairs.
( 4 marks)
А.
В
1. Time utility.
a. Transport.
2 Place utility.
b.Blood Bank.
3. Service utility. c. Mobile phone.
4. Knowledge utility d. Doctor.
Q.1.C) Complete the following statements.
(3 marks)
1. The branch of economics that deals with the allocation of resources
a) microeconomics .
b) macroeconomics
c) econometrics.
d) none of these.
2. The relationship between income and demand for inferior good is
a) direct
b) inverse
c) no effect
d) can be direct and inverse.
3. Demand curve is parallel to X axis in case of
a) perfectly elastic demand
b)perfectly inelastic demand
c) relatively elastic demand
d) relatively inelastic demand.
Q.2.A) Identify and explain the concepts from the given illustrations (any 2)
(4 marks)
1. Gauri collected the information about the income of a particular firm.
2. Ramesh decided to take all decisions related to production, such as
and how to produce?
3. Salma purchased sweater for her father in winter season .
Q.2.B)Distinguish between (any two)
(4 marks)
1. Desire and Demand.
2. Stock and Supply.
3.
. Expansion of Supply and Increase in Supply .
Q.3. answer the following questions (any 2)
(8 marks)
1. Explain the features of Micro economics.
2. Types of of elasticity of demand.
3. Variation in supply.
Q.4. State with reason whether you agree or disagree with the following statements (any 2)
marks)
(8
1. Scope of micro economic is unlimited.
2. Price is the only determinant of demand.
3. Macro economics is different from micro economics
Q.5 Observe the following table, graph , diagram and answer the following questions (any 2)(8 marks)
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