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

Economics Questions And Answers On The Theory Of Consumer Behaviour
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Economics Jamb Past Questions


Questions and Answers on The Theory of Consumer Behaviour

Question 81 :



Utility is the satisfaction derived from?

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


Question 82 :



By utility we mean ____________

A. Uselessness
B. Power of satisfying a want
C. Beneficial
D. Consumable


Question 83 :



Units of Quality Consumes Total Utility Marginal Utility
012345 -1015171818 -105210



This table illustrates the law of ____________

A. Increasing returns
B. Diminishing returns
C. Diminishing marginal utility
D. Increasing total utility






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