1、ConsumerChoice1.Thesatisfactionorpleasureonegetsfromconsumingagoodorserviceiscalled A. price.B. utility.C. income.D. profits. 2.Theutilityfromaspecificproductis A. determinedbyaconsumer’sincome.B. determinedbythepriceoftheproduct.C. ameasureofone’spreferenceortasteforit.D. constantasoneconsumes
2、moreunitsofit. 3.Totalutilityisbestdefinedasthe A. changeinmarginalutilitymultipliedbythepriceofaproduct.B. maximumamountofsatisfactionfromconsumingaproduct.C. totalsatisfactionreceivedfromconsumingagivenamountofaproduct.D. additionalsatisfactionreceivedfromconsumingonemoreunitofaproduct. 4.Whic
3、hofthefollowingstatementsiscorrect? A. Marginalutilityisthecumulationorsummationoftotalutility.B. Totalutilityisthecumulationorsummationofmarginalutility.C. Totalutilityistheproductofmultiplyingpricetimesmarginalutility.D. Totalutilityisthechangeinmarginalutilityasquantityconsumedincreases. 5.Wh
4、ichofthefollowingdefinesmarginalutility? A. thechangeintotalutilitydividedbythepriceofaproductB. themaximumamountofsatisfactionfromconsumingaproductC. thetotalsatisfactionderivedfromacertainamountoftheproductD. theadditionalsatisfactionfromconsumingonemoreunitofaproduct 6.Whichofthefollowingstat
5、ementsiscorrect? A. Whenmarginalutilityisdecreasing,anincreaseinthequantityconsumedwilldecreasetotalutility.B. Whenmarginalutilityispositive,anincreaseinthequantityconsumedwilldecreasetotalutility.C. Whenmarginalutilityispositive,anincreaseinthequantityconsumedwillincreasetotalutility.D. Whenmar
6、ginalutilityiszero,anincreaseinthequantityconsumedwillmaketotalutilityzero. 7.Theutilityofagoodorservice A. issynonymouswithusefulness.B. isthesatisfactionorpleasureonegetsfromconsumingit.C. iseasytoquantify.D. rarelyvariesfrompersontoperson. 8.Marginalutilitycanbe A. positive,butnotnegative.B.
