Advertisements
Online Mock Tests
Chapters
![SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 2 - Utility Analysis - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 2 - Utility Analysis")
Advertisements
Solutions for Chapter 2: Utility Analysis
Below listed, you can find solutions for Chapter 2 of Maharashtra State Board SCERT Maharashtra for Economics [English] 12 Standard HSC.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Choose the correct option
Choose the correct option
Exceptions to the law of diminishing marginal utility:
- Cardinal measurement
- Hobbies
- Miser
- Money
Only a
a, b, c
b, c, d
a, c, d
Criticisms to the law of diminishing marginal utility:
- Based on unrealistic assumptions
- Not applicable to indivisible and bulky goods
- The law is restricted to satisfaction of a single want.
- In reality, cardinal measurement of utility not possible.
Only a
a, b, c
b, c, d
a, b, c, d
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Complete the correlation
Complete the correlation
Toys made of clay: ______:: Woollen clothes : place utility
Aggregate utility from all units consumed : Total utility :: Additional utility from last unit consumed : ______.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Give economic terms
Give economic terms
Utility that arises when ownership of goods is transferred from one person to another −
Aggregate of utility derived by the consumer from all units of a commodity consumed −
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Find the odd word
Find the odd word
Exception to law of Diminishing Marginal Utility -
Miser
Hobbies
Addictions
Speculation
Find the odd word
Types of utility -
Total utility
Time utility
Possession utility
Service utility
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Complete the following statements
Complete the following statements
Unit at which MU (Marginal Utility) becomes equal with market price is ______.
producers equilibrium
consumers’ equilibrium
partial equilibrium
general equilibrium
In relationship between Total Utility & Marginal Utility, MU (Marginal Utility) of a commodity becomes negative when TU (Total Utility) of a commodity is ______.
rising
constant
falling
zero
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Assertion and Reasoning type questions
Assertion and Reasoning type questions
Assertion (A): Utility depends on the intensity of want.
Reasoning (R): The concept of utility has no ethical consideration.
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Assertion (A): MU curve slopes upwards.
Reasoning (R): MU goes on diminishing with every successive increase in the consumption of a commodity.
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Identify & explain the concepts from the given illustrations
Identify & explain the concept from the given illustration.
Rohan created a jewellery box out of pieces of wood.
Identify & explain the concept from the given illustration.
Kavita consumed an additional unit of bread to satisfy her hunger.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Distinguish Between
Distinguish between:
Place utility and Time utility
Distinguish Between:
Total Utility and Marginal Utility
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Answer the following
Answer the following
Explain any four types of utility
Explain any four features of utility.
Explain the relationship between total utility and marginal utility
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis State with reasons whether you agree or disagree with the following statements
State with reason whether you agree or disagree with the following statement
When total utility is maximum, marginal utility is zero.
State with reason whether you agree or disagree with the following statement:
There are no exceptions to the law of diminishing marginal utility.
Agree
Disagree
State with reason whether you agree or disagree with the following statement
Marginal utility curve slopes downwards.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis TABLES
4 MARKS EACH CORRECT ANSWER
Study the following table, figure, passage and answer the question below it:
| Units | Total Utility | Marginal Utility |
| 1. | 40 | ______ |
| 2. | 60 | 20 |
| 3. | 70 | 10 |
| 4. | ______ | 0 |
| 5. | 60 | -10 |
- Complete the table ______ (1m )
- When Total utility falls Marginal utility is_______ (1m)
- Draw total utility and marginal utility curve______ (2m)
Study the following table, figure, passage and answer the question given below it.
| Units | MU OF X | MU in terms of money 1 unit = RS.10 | Market price per unit = RS.50 | Comparison between MU and Price |
| 1 | 10 | 100 | 50 | MU > PRICE |
| 2 |
____ |
80 | 50 | MU > PRICE |
| 3 | 7 | _____ | 50 | MU > PRICE |
| 4 | 5 | 50 | 50 | _____ |
| 5 | 3 | 30 | 50 | MU < PRICE |
| 6 | 1 | 10 | 50 | _____ |
- Complete the table (2m)
- Identify any two Intra Marginal Units (1m)
- Identify any two Extra Marginal Units (1m)
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis DIAGRAMS
Questions:
- When Total utility increases Marginal utility ______ (1m)
- Name the unit where consumer will be derived disutility_______ (1m)
- When the total utility is maximum, the marginal utility is____(1m)
- Name the unit where consumer will derive maximum satisfaction__ (1m)
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 2 Utility Analysis Answer in detail
Answer in detail
Explain any four exceptions of the law of Diminishing marginal utility.
Solutions for 2: Utility Analysis
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 2 - Utility Analysis
Shaalaa.com has the Maharashtra State Board Mathematics Economics [English] 12 Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. SCERT Maharashtra solutions for Mathematics Economics [English] 12 Standard HSC Maharashtra State Board 2 (Utility Analysis) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. SCERT Maharashtra textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Economics [English] 12 Standard HSC chapter 2 Utility Analysis are Utility, Concepts of Utility, Diminishing Marginal Utility, Types of Utility, Relationship Between Total Utility and Marginal Utility, Law of Diminishing Marginal Utility, Assumptions of Diminishing Marginal Utility, Exceptions to the Law of Diminishing Marginal Utility, Criticisms of the Diminishing Marginal Utility, Significance of the Diminishing Marginal Utility, Relationship Between Marginal Utility and Price.
Using SCERT Maharashtra Economics [English] 12 Standard HSC solutions Utility Analysis exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in SCERT Maharashtra Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Economics [English] 12 Standard HSC students prefer SCERT Maharashtra Textbook Solutions to score more in exams.
Get the free view of Chapter 2, Utility Analysis Economics [English] 12 Standard HSC additional questions for Mathematics Economics [English] 12 Standard HSC Maharashtra State Board, and you can use Shaalaa.com to keep it handy for your exam preparation.
