Skip to content
We use only essential cookies to keep you signed in and remember your preferences. See our Cookie Policy.
TestStop
MocksPracticeResourcesIndiaBlogPricing
Sign in
Questions › CUET-PG › CUET-PG 2020 › Q29
4 marks, −1Microeconomics › Consumer preferences and utility › Marginal utility and the equi-marginal principleEasyabout 1 min

CUET-PG 2020 Question 29: Consumer preferences and utility

The law of marginal utility (consumer equilibrium) states

Tap an option to check your answer.

Answer and worked solution

Checking your account…

Plain-text version

The law of marginal utility (consumer equilibrium) states (A) MUₓ· Pₓ = MU_y· P_y = MU_z· Pₓ (B) MUₓ/Pₓ = MU_y/P_y = MU_z/P_z = MUₘ (C) MUₓ/Pₓ = MU_y/P_y = MU_z/P_z > MUₘ (D) MUₓ/Pₓ < MU_y/P_y = MU_z/P_z < MUₘ

Consumer preferences and utility has come up 93 times in 7 exams since 2007.

What this question tests

This question is on Marginal utility and the equi-marginal principle, part of Consumer preferences and utility in Microeconomics.

Diminishing marginal utility and the cardinal rule that a consumer equalises marginal utility per rupee across goods.

TestStop has 8 past-paper questions on this subtopic.

Take this paper as a timed mockMore on Marginal utility and the equi-marginal principle

Similar questions from other papers

  • CUET-PG 2026 · Q1Which among the following is not an assumption of Indifference Curve?
  • GATE 2026 · Q28Madhu's utility function is given by U=max (2C,3F), where C represents the amount of cloth and F represents the amount of food. Her preferences DO NOT satisfy which one…
  • UGC-NET 2026 · Q55Which of the following is NOT the assumption of the Revealed Preference Hypothesis?
  • CUET-PG 2025 · Q1If the demand function is given as P = 110 - Q² and market equilibrium is attained at P₀ = 29 and Q₀ = 9, calculate the consumer surplus.
  • GATE 2025 · Q38A Constant Elasticity of Substitution (CES) utility function is given as: U_(CES)(z₁,z₂) = 1/δ(z₁^δ + z₂^δ) where z₁ and z₂ are two goods, and δ ≤ 1, δ ≠ 0. A…

Question from the CUET-PG 2020 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.