# PPSC FPSC Lecturer Economics Online Test 19 Solved MCQs

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 Test Instructions:- Test Name Lecturer EconomicsÂ Subject Economics Test 19 Test Type MCQs Total Questions 25 Total Time 20 Minutes Total Marks 100
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You have 20 minutes to pass to the quiz.

PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 19

1 / 25

Marginal utility is defined as:

2 / 25

Ordinal Approach to consumer behavior is also known as:

3 / 25

The convex IC shows the .................... marginal rate of substitution:

4 / 25

According to neo-classicals utility can be:

5 / 25

Cardinal Approach theory measures the utility:

6 / 25

IC shows different combinations of two goods that yield:

7 / 25

Who introduced the concept of IC for the first time in 1881:

8 / 25

Ordinal Approach to consumer behavior is presented by ..............economist

9 / 25

The slope of IC is called:

10 / 25

What is law of equi marginl utility?

11 / 25

If MUx/Px < MUy/Py, the consumer will:

12 / 25

What is law of diminishing marginal utility?

13 / 25

Consumer equilibrium in law of equi marginal utility of cardinal approach of consumer behaviour

14 / 25

When total utility increases at decreasing rate, Marginal Utility

15 / 25

IC stands for:

16 / 25

Marginal rate of substitution is defined as:

17 / 25

Total utility increases at ....................................rate:

18 / 25

In cardinal Approach, Leon Walras had derived consumer demand curve for goods X from

19 / 25

Ordinal approach to consumer behavior implies that, utility cannot be measured:

20 / 25

f MUx/Px > MUy/Py, the consumer will:

21 / 25

Sir Jhon Richard Hicks was a ........................... economist:

22 / 25

In cardinal Approach, Alfred Marshal had derived consumer demand curve from goods X from

23 / 25

When total utility falls, Marginal utility becomes:

24 / 25

When price falls, marginal utility of money:

25 / 25

If MUx/Px = MUy/Py, the consumer will: