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11.

Law of Equi-marginal Utlity is a law of:

A.	Production of wealth	B.	Consumption of wealth
C.	Distribution of wealth	D.	Exchange of wealth

12.

Utility and usefulness are:

A.	Equal	B.	Different
C.	Similar	D.	Unrelated

13.

When MU is positive, TU:

A.	Increases	B.	Decreases
C.	Remains constant	D.	Is highest

14.

Diminishing marginal utility is the basis of:

A.	Law of supply	B.	Law of demand
C.	Law of returns	D.	None of the above

15.

When MU = 0, TU is:

A.	Minimum	B.	Maximum
C.	Laws of return	D.	None of the above

16.

Quality of a commodity that satisfies some human want or need is called:

A.	Service	B.	Demand
C.	Utility	D.	Efficiency

17.

Indifference curves are convex to the origin because:

A.	Two goods are perfect substitutes	B.	Two goods are imperfect substitutes
C.	Two goods are perfect complementary goods	D.	None of the above