PU COM 2026 Consumer Behavior Free Quiz 1

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PU COM 2026 Consumer Behavior Free Quiz 1

PU COM Quiz

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Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What does utility analysis study?

A. Production analysis B. Cost analysis C. Consumer satisfaction analysis D. Market analysis

2. What does the law of diminishing marginal utility state?

A. Marginal utility decreases with increased consumption B. Marginal utility increases with consumption C. Marginal utility remains constant D. Total utility decreases

3. When does consumer equilibrium occur?

A. When total utility is zero B. When marginal utility is zero C. When price equals cost D. When MU/P is equal across all goods

4. What does an indifference curve show?

A. Different satisfaction levels B. Same satisfaction level C. Market equilibrium D. Production possibilities

5. What does a budget line show?

A. Production possibilities B. Satisfaction levels C. Affordable combinations of goods D. Price changes

6. What is marginal utility?

A. Additional satisfaction from one more unit B. Total satisfaction C. Average satisfaction D. Zero satisfaction

7. What is total utility?

A. Satisfaction from the last unit B. Average satisfaction C. Maximum satisfaction D. Total satisfaction from a quantity

8. What does the slope of the budget line represent?

A. Income ratio B. Price ratio C. Quantity ratio D. Utility ratio

9. Why are indifference curves convex to the origin?

A. Are concave B. Are linear C. Are convex D. Are vertical

10. What is the marginal rate of substitution?

A. Rate of trading one good for another B. Price ratio C. Quantity ratio D. Income ratio

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