Related InterviewSolutions

• State the following statement is True or False: MU and TU are equal at the initial stage.OptionsTrueFalse
• State the following statement is True or False: Negative MU denotes more satisfaction.OptionsTruefalse
• Distinguish between: Utility and satisfaction
• Define or explain the following concept: Marginal utility
• Define or explain the following concept: Knowledge utility
• Define or explain the following concept: Possession utility
• Write short note on:Form utility
• Give reason or explain: Utility is a subjective concept.
• State the following statement is True or False: Utility is the basis of demand.OptionsTrueFalse
• Give reason or explain: Utility and happiness are different.