D. When total utility is maximum, marginal and average utility are equal to each other.
23.
Consider the following statements about indifference curves:
1. Indifference curves are convex to the origin.
2. Higher indifference curve represents higher level of satisfaction.
3. Two indifference curves cut each other.
Which of the statements given above is/are correct?
Consider the following statements about a joint-stock company:
1. It has a legal existence.
2. There is limited liability of shareholders.
3. It has a democratic management.
4. It has a collective ownership.
Which of the statements given above are correct?
Which European ruler had observed, "Bear in mind that the commerce of India is the commerce of the world ... he who can exclusively command it is the dictator of Europe"?
Which European traveller had observed, "A Hindu woman can go anywhere alone, even in the most crowded places, and she need never fear the impertinent looks and jokes of idle loungers"?
