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1. "Utils" is a term used
To mean marginal utility
By Walras to measure cardinal utility
By Marshal in Demand theory
None of the above
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2. Iso-quants are also known as
Equal cost curves
Equal revenue curves
Equal product curves
Indifference curves
3. A set of all possible production combinations while producing two commodities is
Iso cost line
Isoquant map
Production possibility curve
Production functions
4. Which of the following is most closely connected with Paul A. Samuelson?
Liquidity preference theory
Marginal utility analysis
Revealed preference theory
Indifference curve analysis
5. Marginal product becomes negative
When total output grows swiftly
When total output turns down
In no circumstances
When total output ceases to grow swiftly
This Section covers Managerial Economics Quiz .
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