NECO Economics · Demand, supply and prices
Theory of consumer behaviour: NECO Economics Past Questions and Answers
What the WAEC syllabus covers in Theory of consumer behaviour
Our summary: Measuring satisfaction with utility and finding the point where a consumer is in equilibrium.
- The utility concepts – total utility, average utility, marginal utility and the calculation of utility schedules
- The law of diminishing marginal utility
- Relationship between total utility, average utility and marginal utility
- The concept of equilibrium of a consumer
- Determination of consumer equilibrium
- The effects of changes in price on consumer equilibrium
- The relationship between marginal utility and the demand curve
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)). NECO questions are matched to the WAEC syllabus topic.
NECO Economics questions on Theory of consumer behaviour
- NECO 2009The amount of satisfaction per unit of the commodity consumed is called
- NECO 2009The additional satisfaction derived from the consumption of one more unit of a good is called
- NECO 2007At the point where total utility begins to decline MU is
- NECO 2005The following determine the level of consumption EXCEPT
- NECO 2005The satisfaction derived from Die consumption of a commodity is referred o as
- NECO 2004When total utility is at maximum, then marginal utility is
- NECO 2004The unit of satisfaction dived from the consumption of an additional unit of a commodity is known as
- NECO 2003What is meant by utility?
- NECO 2002When combination of two goods which a consumer derive equal satisfaction is plotted on a graph, the graph is known as
Years with Theory of consumer behaviour questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2009
- 2007
- 2005
- 2004
- 2003
- 2002