Choose the correct option:
1. Column A | Column B |
1) Time utility | a) Transport |
2) Place utility | b) Blood bank |
3) Service utility | c) Mobile phone |
4) Knowledge utility | d) Doctor |
Option: –
A) 1- d, 2 – b,3 – a, 4 – c
B) 1- b, 2 – a, 3 – d, 4 – c
C) 1 – a, 2 – b, 3 – c, 4 – d
Ans:-B) 1 – b, 2 – a, 3 – d, 4 – c
- Statement indicating consumer equilibrium:
- a) MU is greater than price
- b) MU is equal to price
- c) MU is less than price
- d) Price is less than one
Option: –
A) a and b
B) a, b, c and d
C) a, b and c
D)only b
Ans:-D)only b