Related InterviewSolutions

• Write the formula of consumers surplus?
• Given potential price is Rs.250 and the actual price is Rs.200. Find the consumer surplus ………(a) 375(b) 175(c) 200(d) 50
• The concept of consumer’s surplus is associated with(a) Adam Smith(b) Marshall(c) Robbins(d) Ricardo
• Briefly explain the concept of consumer’s equilibrium?
• Mention the relationship between marginal utility and total utility?
• Pick the odd one out ………(a) Luxuries(b) Comforts(c) Necessaries(d) Agricultural goods
• The choice is always constrained or limited by the ________ of our resources.(a) Scarcity(b) Supply(c) Demand(d) Abundance
• The chief exponent of the Cardinal utility approach was ………(a) JR Hicks(b) R G D Allen(c) Marshall(d) Stigler
• A consumer is in equilibrium when marginal utilities from two goods are ………(a) Minimum(b) Inverse(c) Equal(d) Increasing
• Indifference curve was first introduced by(a) Hicks(b) Allen(c) Keynes(d) Edgeworth