Match List-I with List-II
|
List-I |
List-II |
|
(A) Satisfaction derived from consuming the given amount of some commodity x. |
(I) Marginal rate of substitution. |
|
(B) Change in total utility due to consumption of one additional unit of a commodity. |
(II) Ordinal Utility |
|
(C) Ranking of various consumption bundle. |
(III) Marginal Utility |
|
(D) Downward slope of indifference curve. |
(IV) Total Utility |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
|
List-I |
List-II |
|
(A) Satisfaction derived from consuming the given amount of some commodity x. |
(IV) Total Utility |
|
(B) Change in total utility due to consumption of one additional unit of a commodity. |
(III) Marginal Utility |
|
(C) Ranking of various consumption bundle. |
(II) Ordinal Utility |
|
(D) Downward slope of indifference curve. |
(I) Marginal rate of substitution. |