The Theory of Consumer Behaviour - Jamb Economics Past Questions and Answers

Question 46:

• JAMB 2000

A central argument of cardinal utility is that utility is?

A. Measurable
B. Psychological
C. Ranked
D. Intangible

Question 47:

• JAMB 2000

In the diagram L₁L₁ and L₂L₂ are budget lines. 1₁1₂ and 1 ₃ are indifference curves. which points are optimal?

A. U and W
B. V and W
C. U and Z
D. Y and Z

Question 48:

• JAMB 2001

At the consumer equilibrium, the slope of the indifference curve is?

A. Half the slope of the budget constraint line
B. Equal to the slope of the budget constraint line
C. Greater than the slope of the budget constraint line
D. Less than the slope of the budget constraint line

Question 49:

• JAMB 2001

The diagram shows the total utility curve. At the point M, marginal utility

A. Increases
B. Is unity
C. Diminishes
D. Is zero

Question 50:

• JAMB 2003

Utility is the satisfaction derived from?

A. Demand
B. Production
C. Distribution
D. Consumption