1. As the consumption of a commodity increases, the Marginal Utility eventually

WASSCE 2007

2. At any point where marginal utility becomes negative total utility

WASSCE 2006

3. To the rational consumer, the price of a good depends on

SSSCE 2003

4. If the marginal utility of a commodity x is greater than the price of x, then the

SSSCE 2003

5. When consumers are in equilibrium, the marginal utilities of the commodities they consume are

SSSCE 2003

6. When the marginal utility is equal to zero

SSSCE 2003

7. Total utility is the satisfaction derived from the

SSSCE 2002

8. All consumers are expected to maximize

WASSCE 2011

9. The demand curve for a good is negatively sloped because

SSSCE 2001

10. When a consumer pays a high price for a commodity, it means his

SSSCE 1997

11. As more of a good is consumed, the satisfaction derived from each additional unit falls in accordance with

SSSCE 2002

12. What is the marginal utility for consuming the 4th unit?

SSSCE 2004

13. The law of diminishing marginal utility is normally used to explain the

SSSCE 2003

14. Consumers' adjustment to relative price changes is termed as

SSSCE 2001

15. Individual economic units economize their resources in order to

SSSCE 2002

16. In a single commodity market, the consumer is in equilibrium when

SSSCE 2000

17. The consumer is assumed to always seek to maximize

SSSCE 2001

18. Households are assumed to maximize

SSSCE 2001

19. Diminishing marginal utility can be used to explain the

SSSCE 2000

20. When a consumer spends all his resources on a single commodity, he will be in equilibrium when

SSSCE 2002