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ECONOMICS OBJECTIVES QUESTIONS FOR BOARD EXAM

1.        The term ‘microeconomics’ derived from the Greek Word _____________  2.        Microeconomics is concerned with the study of ______________/__________________ 3.        Microeconomics is a _______________ equilibrium analysis. 4.        Microeconomics adopts ______________approach 5.        The credit for the development of micro economics approach goes to ____________ 6.        ________________ implies that every individual under consideration behaves in an economically rational manner. 7.        Microeconomics deals with Factor Pricing . 8.        A rational Consumer wants ________________ Satisfaction. 9.        Utility depends on the __________________ of the want. 10.    Marshall assumes ____________________ measurement or utility. 11.    _______________Utility is the sum of all the marginal utilities from the consumption of a commodity. 12.    The utility from an extra unit of consumption is called ______________ utility. 13.    When Total utility falls, the marginal ut