Micro

Consumer Behaviour

Easy

Identify an analysis which assumes that the level of utility can be expressed in numbers?

Cardinal Utility.

Ordinal Utility.

Budget line

possibility curve

✅ Correct Option: 1

Cardinal utility analysis assumes that the level of utility a consumer derives can be measured and expressed in numbers (utils), allowing comparisons of how much more one bundle is preferred. Ordinal utility analysis only ranks bundles in order of preference without numerical measurement. Hence option 1.

2025: 3 June Shift 1

On the basis of given data above, the correct equation of price line will be.

2025: 22 May Shift 2

Which goods are represented by a straight line Indifference Curve?

2026: 20 May Shift 1

When price of a good falls from Rs. 5 to Rs.4 per unit then, its demand increases by 40%. Calculate its price elasticity of demand.

2025: 13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Satisfaction derived from consuming the given amount of some commodity x.	(I) Marginal rate of substitution.
(B) Change in total utility due to consumption of one additional unit of a commodity.	(II) Ordinal Utility
(C) Ranking of various consumption bundle.	(III) Marginal Utility
(D) Downward slope of indifference curve.	(IV) Total Utility

Choose the correct answer from the options given below:

2025: 22 May Shift 2

The rate at which the consumer is able to substitute one good for the other in the market is indicated by

2026: 13 May Shift 1

The demand for an inferior good ___________ as the income of the consumer increases.

Identify an analysis which assumes that the level of utility can be expressed in numbers?

Solution

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