Horizontal Indifference Curve MCQs 1581 to 1585

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Horizontal Indifference Curve MCQs

  1. If an indifference curve were horizontal (assume X is measured along the horizontal axis and Y along the vertical axis), this would mean that the consumer is saturated with
    • Commodity X only
    • Commodity Y only
    • Both commodity X and commodity Y
    • Neither commodity X nor commodity Y
  2. The statement C = D = 10 utils implies
    • An ordinal measure of utility only
    • A cardinal measure of utility only
    • An ordinal and a cardinal measure of utility
    • None of the above
  3. If the MU if the last unit of X consumed is twice the MU of the last unit of Y consumed, the consumer is in equilibrium only if
    • The price of X is twice the price of Y
    • The price of X is equal to the price of Y
    • The price of X is one half of the price of Y
    • Any of the above is possible
  4. When total utility increases, marginal utility is
    • Negative and increasing
    • Negative and declining
    • Zero
    • Positive and declining
  5. Which of the following elasticities measure a movement along a curve rather than a shift in the curve?
    • The price elasticity of demand
    • The cross elasticity of demand
    • The income elasticity of demand
    • The price elasticity of supply.
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Quiz with Answers

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Economics 1581-1585

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1 / 5

If an indifference curve were horizontal (assume X is measured along the horizontal axis and Y along the vertical axis), this would mean that the consumer is saturated with

2 / 5

The statement C = D = 10 utils implies

3 / 5

If the MU if the last unit of X consumed is twice the MU of the last unit of Y consumed, the consumer is in equilibrium only if

5 / 5

Which of the following elasticities measure a movement along a curve rather than a shift in the curve?

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Horizontal Indifference Curve MCQs

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