Question : What will be marginal utility at the point of satiety?

Option 1: Negative

Option 2: Positive

Option 3: Zero

Option 4: None of the above

Question : Which of the following statement is not true?

Option 1: As long as MU is positive, TU increases

Option 2: TU is zero when MU is zero

Option 3: TU starts decreasing when MU is negative

Option 4: After the point of satiety, MU becomes negative

Question : Consumer equilibrium is the point at which_________

Option 1: MU < Price

Option 2: MU = Price

Option 3: MU > Price

Option 4: None of the above

Question : When income level is zero, the consumption is ___________.
 

Option 1: Positive
 

Option 2: Negative
 

Option 3: Zero 
 

Option 4: None of the above.
 

Question : Demand elasticity at the midpoint of a straight line demand curve:

Option 1: Will be unity

Option 2: Will be zero

Option 3: Will be infinity

Option 4: None of these