Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

Match List-I with List-II

List-I	List-II
(A) Consumer's income changes, but prices remain unchanged. The equation of the budget line.	(I) $p_1 x_1 + p_2 x_2 = M'$
(B) Marginal Rate of Substitution (MRS)	(II) $p'_1 x_1 + p_2 x_2 = M$
(C) The price of a commodity changes, but income remains unchanged. The equation of the budget line.	(ΙΙΙ) ΔΥ / ΔΧ
(D) Total Utility	(IV) $MU_1+ MU_2+ ... + MU_{n-1} + MU_n$

Choose the correct answer from the options given below:

Options:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(I), (B)-(III), (C)-(II), (D)-(IV)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(I), (B)-(III), (C)-(II), (D)-(IV)

Explanation:

The correct answer is Option (2) → (A)-(I), (B)-(III), (C)-(II), (D)-(IV)

List-I	List-II
(A) Consumer's income changes, but prices remain unchanged. The equation of the budget line.	(I) $p_1 x_1 + p_2 x_2 = M'$
(B) Marginal Rate of Substitution (MRS)	(ΙΙΙ) ΔΥ/ΔΧ
(C) The price of a commodity changes, but income remains unchanged. The equation of the budget line.	(II) $p'_1 x_1 + p_2 x_2 = M$
(D) Total Utility	(IV) $MU_1+ MU_2+ ... + MU_{n-1} + MU_n$