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Commerce · Q993

Economics

Graduate and Post Graduate · Commerce · question 993

Q993

Match the following. List-I (Concepts) List-II (Features) a. Utility 1. MU tends to decline as consumption of the commodity increases b. Total utility 2. It is a want satisfying power of a good c. Marginal utility 3. Sum total of utility derived from the consumption of all the units of a commodity d. Law of diminishing marginal utility 4. Additional utility an account of the consumption of an additional unit of a commodity

Match the following.
List-I (Concepts) List-II (Features)
a. Utility 1. MU tends to decline as consumption of the commodity increases
b. Total utility 2. It is a want satisfying power of a good
c. Marginal utility 3. Sum total of utility derived from the consumption of all the units of a commodity
d. Law of diminishing marginal utility 4. Additional utility an account of the consumption of an additional unit of a commodity
A.
a-4, b-1, c-2, d-3
B.
a-2, b-4, c-1, d-3
C.
a-2, b-3, c-4, d-1
Answer
D.
a-1, b-2, c-3, d-4

Answer: Option C

Solution

Answer: Option C
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