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Consumer theory quiz
Five questions on Consumer theory. Answer all 5 to see your score. Questions are drawn from a bank of 15, so every attempt is different.
Question 1 of 5
Marginal utility is:
Question 2 of 5
Diminishing marginal utility means:
Question 3 of 5
Water is cheaper than diamonds because:
Question 4 of 5
The utility-maximising rule says to equalise:
Question 5 of 5
Good A: MU 40, price 8. Good B: MU 15, price 5. Which gives more utility per dollar?