Question : Marshall defines commodity utility as:
1:Can be measured by money
2:Can be measured in cardinal numbers
3:Cannot be measured by money

Option 1: Only A is correct

Option 2: Only B is correct

Option 3: Only C is correct

Option 4: Both (a) and (b) are correct

Question : Which of the statements below is correct?
1:Utility means desire-satisfying power.
2:The utility is not a function of desire intensity.
3:Consumption desire gives rise to utility.

Option 1: A only 

Option 2: B only

Option 3: A and C only

Option 4: B and C only

Question : In the case of the cardinal utility approach, utility is measured in:

Option 1: Rupees

Option 2: Ranks

Option 3: Utils

Option 4: None

Question : Which of the following statement is true?
(a) Utility means want-satisfying power
(b) Utility is a function of the intensity of desire
(c) Desire of consumption gives birth to utility

Option 1: A and B

Option 2: B Only

Option 3: C Only

Option 4: A, B, and C 

Question : If the market's supply curve shifts to the right, which of these best explains the shift?
A: Making a commodity production at low cost by introducing a new technique
B: Increase in the raw material rate
C: Government introducing a tax on that certain product

Option 1: Only A correct

Option 2: Only B Correct

Option 3: Only C correct

Option 4: A C and C all are correct.

Question : According to the cardinal theory of consumer's equilibrium, utility is measured in:

Option 1: Marginal units

Option 2: Monetary terms

Option 3: Ordinal units

Option 4: Cardinal units