Equi - Marginal Utility means equal marginal utilities derived from the consumption of more than_____

(a)

four goods

(b)

three goods

(c)

two goods

(d)

one good

Giffen's goods are classified in to __ and __ goods.

(a)

Superior

(b)

Inferior

(c)

Both 'a' and 'b'

(d)

None

There are __ kinds of price elasticity of demand.

(a)

Two

(b)

Three

(c)

Four

(d)

Five

Human wants have the capacity to get satisfied only ____

(a)

Temporarily

(b)

Wants

(c)

Comforts

(d)

None of these

A consumer buys two commodities x and y he would be in equilibrium when _____

(a)

\(\frac{MUx}{Px}=\frac{MUy}{Py}\)

(b)

\(\frac{MUx}{MUy}=MUm\)

(c)

\(\frac{MUx}{Px}=\frac{MUy}{Py}\)

(d)

\(\frac{Px}{Py}=MUm\)