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Business Data Management · Quiz 2 · 10 Jul 2022 · May 2022 term

Question 11: Last year, Mr. X achieved the title “Richest Man in Asia…

Question 11

+1 markOne correct option

Last year, Mr. X achieved the title “Richest Man in Asia” for the first time and his happiness was Z utils. This year, Mr. X retained the title of “Richest Man in Asia” and his happiness is Y utils. If Z>Y, then this is an example of what?

  1. A

    Positive marginal utility

  2. B

    Diminishing marginal utility

  3. C

    Diminishing marginal return

  4. D

    None of these

Show answer

Correct answer

  • B

    Diminishing marginal utility

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Question 11 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term (IIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022). It carries 1 mark.

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