# Marginal/Cardinal Utility MCQ Quiz

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| By Jehangir
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Jehangir
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Quizzes Created: 1 | Total Attempts: 279
Questions: 5 | Attempts: 279

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• 1.

### Which one do you like?

• A.

A

• B.

B

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C

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D

B. B
Explanation
We did this in class already - you're welcome.

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• 2.

### Which one do you like?

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A

• B.

B

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C

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D

C. C
Explanation
Individual gets 2 utils from each dollar spent. If price is 2 that means he derives 4 utils from buying good X. Hence, consumer needs to consume till the point where MUx is equal to 4 which happens at 4 units of consumption.

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• 3.

### Which one do you like?

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A

• B.

B

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C

• D.

D

D. D
Explanation
Option D is the Equimarginal Principle just written differently.

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• 4.

### Which one do you like?

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A

• B.

B

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D

A. A
Explanation
To maximize utility, consumer needs to adjust consumption of both the goods until the marginal utility per dollar from each good is the same (equimarginal principle).

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• 5.

### Which one do you like?

• A.

A

• B.

B

• C.

C

• D.

D

B. B
Explanation
MUx

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• Current Version
• Mar 21, 2023
Quiz Edited by
ProProfs Editorial Team
• Jul 23, 2020
Quiz Created by
Jehangir

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