Match List I with List II
|
List - I |
List – II |
||
|
(A) |
Marginal utility |
(I) |
Δy / Δx |
|
(B) |
Marginal Rate of Substitution |
(II) |
(2, 4) < (3, 4) |
|
(C) |
Slope of Budget line |
(III) |
Satisfaction derived from consumption of one additional unit of commodity |
|
(D) |
Monotonic Preferences |
(IV) |
Ratio of prices of 2 goods |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: A-III, B-I, C-IV, D-II
|
List - I |
List – II |
||
|
(A) |
Marginal utility |
(III) |
Satisfaction derived from consumption of one additional unit of commodity |
|
(B) |
Marginal Rate of Substitution |
(I) |
Δy / Δx |
|
(C) |
Slope of Budget line |
(IV) |
Ratio of prices of 2 goods |
|
(D) |
Monotonic Preferences |
(II) |
(2, 4) < (3, 4) |