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Doctors Medicines MCQs Q&A

  1. Given scale of preferences as between different combinations of two goods
  2. Diminishing marginal rate of substitution
  3. Constant marginal utility of money
  4. Consumers would always prefer more of a particular good to less of it, other things remaining the same
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1 Answers

Answer: Option 3

Constant marginal utility of money is not a assumption of the theory of demand based on analysis of indifference curves. An indifference curve is a graph that shows a combination of two goods that give a consumer equal satisfaction and utility, thereby making the consumer indifferent.

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