Question 1
Total utility _________ at (a / an) _________ rate when marginal utility is decreasing but positive.
decreases, increasing
increases, decreasing
decreases, decreasing
increases, increasing
Question 2
Statement 1: She prefers bread over ice cream, and sandwiches over bread.
Statement 2: She derives 100 utility points from eating a slice of bread.
Which of the two utility theories, viz., the Cardinal Utility Theory (CUT) and the Ordinal Utility Theory (OUT), does each of these statements belong?
Statement 1: CUT; Statement 2: OUT
Statement 1: OUT; Statement 2: CUT
Statement 1: CUT; Statement 2: CUT
Statement 1: OUT; Statement 2: OUT
Question 3
The axes (x and y) of the indifference curve represent:
X: Price; Y: Price
X: Supply; Y: Demand
X: Quantity; Y: Price
X: Quantity; Y: Quantity
10 more questions in this paper
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More on the BDM Quiz 1 16 Oct 2022 paper
The IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Oct 2022, in the September 2022 term: 13 questions for 16 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | BDM Quiz 1 16 Oct 2022 at a glance |
|---|---|
| Term | September 2022 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 13 |
| Marks | 16 |
| Duration | 120 min |
| MCQ | 8 |
| MSQ | 1 |
| Numerical | 4 |
| Official paper | IIT M QUIZ 1 FOUNDATION DAD DIPLOMA QPD2 16 Oct 2022 |
| Negative marking | No negative marking. |
| Updated |