The total sum that the consumer has to spend on wheat in 2022? Option 1: Rs 900 Option 2: Rs 500 Option 3: Rs 400 Option 4: Rs 600

The answer is 'Rs 900'. View full solution:

CUET Economics - The total sum that the consumer has to spend on wheat in 2022? | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Rs 900

Rs 500

Rs 400

Rs 600

✅ Correct Option: 1

Related questions:

28 May Shift 1

Which of the following would appropriately define a budget set?

13 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Analysis assumes that level of utility can be expressed in numbers.	(I) Cardinal Utility
(B) Change in total utility due to consumption of one additional unit of a commodity	(II) Law of Diminishing Marginal Utility.
(C) Marginal utility from consuming each additional unit of a commodity declines as its consumption increases.	(III) Marginal Utility
(D) The amount of mangoes that the consumer has to forego in order to get an additional banana, her total utility level being the same.	(IV) Marginal rate of substitution

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CUET Economics 2023 Slot 3

Match List - I with List - II.

List - I	List - II
(A) Indifference curve	(I) Shows various combination of two goods that give the same utility to the consumer
(B) Production possibility curve	(II) Shows various combination of two goods that can be produced by an economy
(C) Budget line	(III) Shows various combination of two goods that can be purchased by the consumer
(D) Demand curve	(IV) Shows inverse relationship between price of the given commodity & its quantity demanded

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