Micro

Consumer Behaviour

Easy

Level of utility that can be expressed in numbers is called?

Cardinal utility

Ordinal utility

Natural Utility

Real utility

✅ Correct Option: 1

Cardinal utility assumes that satisfaction can be measured and expressed in definite numbers, such as utils. Ordinal utility, by contrast, only ranks preferences without assigning numerical values. Hence the answer is cardinal utility.

2026: 21 May Shift 2

The expenditure on the good would change in the opposite direction as the price change if and only if the percentage change in quantity is greater than the percentage change in price, then the elasticity of good is:

2026: 23 May Shift 1

Which one of the following statements is most suitable to the law of diminishing marginal utility?

2025: 22 May Shift 1

Which of the following factor makes the demand curve to shifts leftward for a normal goods?

2025: 22 May Shift 1

Match List-I with List-II

List-I	List-II
(A). The level of utility can be expressed in numbers.	(I). Total Utility
(B). The change in total utility due to consumption of one additional unit of a commodity.	(II). Ordinal Utility
(C). The total satisfaction derived from consuming the given amount of some commodity.	(III). Cardinal Utility
(D). The level of utility can be expressed in ranks.	(IV). Marginal Utility

Choose the correct answer from the options given below:

2025: 16 May Shift 1

Individual demand for a good does not depend upon which of the following?

2025: 27 May Shift 2

The total sum consumer spends on cloth in 2022?

Level of utility that can be expressed in numbers is called?

Solution

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