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11th -

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Ordinal utility analysis

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  • 1. Multiple Choice
    2 minutes
    1 pt

    In ordinal utility

    We measure satisfaction in numbers

    We rank our satisfaction

    Any of the above

    None of the above

  • 2. Multiple Choice
    2 minutes
    1 pt

    In indifference curve consumer is assumed to be

    Indifferent

    Different

    Monotonic preferred

    None of the above

  • 3. Multiple Choice
    2 minutes
    1 pt

    In monotonic preference, consumer will always prefer that combination in which he gets

    Less units of commodity(ies)

    More units of commodity(ies)

    Any of the above

    None of the above

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