Managerial Economics (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 21 - 22 of 22

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Question number: 21

» Managerial Economics » Demand Analysis

Appeared in Year: 2015

MCQ▾

Question

Which one of the following assumptions is not related to consumer behaviour based on the cardinal utility approach? (Dec. )

Choices

Choice (4) Response

a.

Diminishing marginal utility of money

b.

Utility cardinally measurable

c.

Rationality

d.

Maximization of satisfaction with limited money income

Question number: 22

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

If two commodities are complementary, then the rise in the price of one commodity will induce (December)

Choices

Choice (4) Response

a.

A backward shift in demand curve for the other commodity

b.

No shift in demand curve for the other commodity

c.

An upward shift of demand curve

d.

A rise in the price of other commodity

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