CUET Economics 2025 30 May Shift 1 - When utility is measured in quantitative terms, it is ______ of consumer equilibrium. | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Micro

Easy

Ordinal Approach.

Cardinal Approach.

Indifference Curve approach.

Law of Diminishing marginal utility.

✅ Correct Option: 2

Related questions:

21 May Shift 1

Good X and Y are considered to be substitutes by a consumer. He is currently consuming good X. If the price of Good Y decreases, then arrange the following in correct sequence.

(A) Demand for Good X decreases.

(B) Consumer finds Good Y to be relatively cheaper than Good X.

(D) Consumer shifts from Good X to Good Y.

Choose the correct answer from the options given below:

29 May Shift 1

A consumer derives 10 utilities of satisfaction from consuming 1st unit of good X and 6 utilities of satisfaction from the next unit. What is the marginal utility of the second unit?

3 June Shift 1

In a situation when MRSxy > Px / Py, the consumer would react by:

CUET Economics 2025 30 May Shift 1 PYQs

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