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Economics Test

Topic: Consumer Behaviour

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Test 1: Match the Column

1. Marginal Utility

2. Point of Satiety

3. Time utility

4. Cardinal Measurement

5. Service Utility

a) Maximum TU

b) Assumptions of Law of DMU

c) Utility of Last Unit

d) Exception of Law of DMU

e) Aggregate of Utilities

f) Furniture from steel

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Answer - Test 1: Match the Column

1. Marginal Utility

2. Point of Satiety

3. Time utility

4. Cardinal Measurement

5. Service Utility

a) Maximum TU

b) Assumptions of Law of DMU

c) Utility of Last Unit

d) Exception of Law of DMU

e) Aggregate of Utilities

f) Furniture from steel

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Test 2: Match the Column

1. Total Utility

2. Zero Marginal Utility

3. Utility

4. Time Utility

5. Service Utility

a) Doctors Service to patient

b) Organ donation

c) Want satisfying power

d) Additional Total utility

e) Aggregate of Utilities

f) Point of satiety

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Answer - Test 2: Match the Column

1. Total Utility

2. Zero Marginal Utility

3. Utility

4. Time Utility

5. Service Utility

a) Doctors Service to patient

b) Organ donation

c) Want satisfying power

d) Additional Total utility

e) Aggregate of Utilities

f) Point of satiety

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Test 3: Match the Column

1. Law of diminishing marginal utility

2. Alfred Marshall

3. Total Utility

4. Form Utility

5. Point of Satiety

6. Production

7. Service Utility

8. Time Utility

9. Law of Equi-marginal utility

a) Law of Substitution

b) Cardinal Measurement

c) Transport

d) Lawyers

e) Umbrella

f) Minimum Utility

g) Increases at diminishing rate

h) Creation of utility

i) Maximum total utility

j) Dr. Marshall

k) Adam Smith

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Answer -Test 3: Match the Column

1. Law of diminishing marginal utility

2. Alfred Marshall

3. Total Utility

4. Form Utility

5. Point of Satiety

6. Production

7. Service Utility

8. Time Utility

9. Law of Equi-marginal utility

a) Law of Substitution

b) Cardinal Measurement

c) Transport

d) Lawyers

e) Umbrella

f) Minimum Utility

g) Increases at diminishing rate

h) Creation of utility

i) Maximum total utility

j) Dr. Marshall

k) Adam Smith

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Thank You

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