Match each term with its meaning.

Match each term with its meaning. — CUET Economics practice

Question 62

MediumOriginal question

Match each term with its meaning.

List I	List II
A. Total utility	I. Where MU becomes zero
B. Marginal utility	II. Sum of satisfaction from all units
C. Point of saturation	III. MU per rupee equal across goods
D. Equi-marginal condition	IV. Addition to TU from one more unit

A-II, B-IV, C-I, D-IIICorrect answerYour answerA-I, B-II, C-III, D-IVCorrect answerYour answerA-II, B-I, C-IV, D-IIICorrect answerYour answerA-III, B-IV, C-I, D-IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

TU adds up all units; MU is the addition from one more.
Saturation is where MU reaches zero and TU peaks; the equi-marginal condition equalises MU per rupee.

Concept: Utility terms
Typical timeTypical: 90 s
Your timeYours: —

The rule this testsEquilibrium with two goods

Practise this chapter →

Ten questions from Utility & Consumer's Equilibrium, at your own pace.

Practise this chapter →

Ten questions from Utility & Consumer's Equilibrium, at your own pace.

Question 62

Explanation