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

Question 26:

• JAMB 1978

As consumption of beer increases, its marginal utility to a drinker will

A. Increase
B. Remain constant
C. Fluctuate
D. Decrease
E. Change proportionally

Question 27:

• JAMB 1978

A rational consumer will adjust his spending pattern so that

A. He buys only the one item that gives him most total satisfaction
B. The marginal utility he gets from the last unit of item is the same
C. The marginal utility he gets from the last naira spent on each item is the same
D. The total utility he gets from each item is the same
E. The total amount of money he spends on each item is the same

Question 28:

• JAMB 1979

By utility we mean

A. Usefulness
B. Power of satisfying a want
C. Beneficial
D. Advantageous
E. Consumable

Question 29:

• JAMB 1979

In most cases the marginal utility derived from a particular good

A. Increases as additional units are consumed
B. Increases at a decreasing rate as additional units are consumed
C. Decreases at a constant rate as additional units are consumed
D. Decreases as additional units are consumed
E. Remains constant as additional units are consumed

Question 30:

• JAMB 1980

Utility of a commodity means?

A. Its usefulness
B. Power to satisfy a want
C. Price of the commodity
D. Satisfaction derived from the product of commodity
E. Its adaptability