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Utility_Worksheet_Class11 (1)

This worksheet covers the concepts of utility, total utility, and marginal utility in economics, including multiple choice questions and assertion-reasoning questions. It also includes diagram-based questions that require students to analyze and illustrate the relationship between total utility and marginal utility. The document aims to assess understanding of key economic principles related to consumer satisfaction and consumption behavior.

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jeya moorthy
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138 views

Utility_Worksheet_Class11 (1)

This worksheet covers the concepts of utility, total utility, and marginal utility in economics, including multiple choice questions and assertion-reasoning questions. It also includes diagram-based questions that require students to analyze and illustrate the relationship between total utility and marginal utility. The document aims to assess understanding of key economic principles related to consumer satisfaction and consumption behavior.

Uploaded by

jeya moorthy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Class 11 Economics Worksheet

Topic: Utility, Total Utility & Marginal Utility

Section 1: Multiple Choice Questions (MCQs)

1. What is utility in economics?


(a) The usefulness of a product
(b) The cost of production
(c) The total revenue
(d) The satisfaction from consuming a good

2. When total utility increases at a decreasing rate, marginal utility is:


(a) Positive and increasing
(b) Positive and decreasing
(c) Negative
(d) Constant

3. What happens when marginal utility becomes zero?


(a) Total utility starts decreasing
(b) Total utility remains constant
(c) Total utility becomes zero
(d) Consumption stops

4. If total utility is maximum, marginal utility is:


(a) Maximum
(b) Zero
(c) Negative
(d) Positive

5. Which of the following is true about diminishing marginal utility?


(a) MU increases with consumption
(b) TU falls with each additional unit consumed
(c) MU decreases with each additional unit consumed
(d) TU remains constant

Section 2: Assertion and Reasoning Questions

6. Assertion (A): Total utility increases as more units of a commodity are consumed.
Reason (R): Marginal utility of each unit consumed is always positive.
(a) Both A and R are true, and R is the correct explanation of A.
(b) Both A and R are true, but R is not the correct explanation of A.
(c) A is true, but R is false.
(d) A is false, but R is true.

7. Assertion (A): Marginal utility can be negative.


Reason (R): Consuming too much of a good can lead to disutility.
(a) Both A and R are true, and R is the correct explanation of A.
(b) Both A and R are true, but R is not the correct explanation of A.
(c) A is true, but R is false.
(d) A is false, but R is true.

Section 3: Diagram-Based Questions

8. The diagram below represents the Total Utility (TU) and Marginal Utility (MU) curves.
(a) Identify the point where MU becomes zero.
(b) Explain the relationship between TU and MU at this point.
(c) What happens to TU if MU becomes negative?

9. Draw a hypothetical Total Utility and Marginal Utility curve for a normal good.
(a) Label the axes and indicate the relationship.
(b) Explain the significance of the point where TU is maximum.

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