Q987
Match the following. List-I List-II a. Utilitarian approach 1. Marginal rate of substitution b. Ordinal approach 2. Budget line and indifference curve c. Price consumption curve 3. U = f(x, y) d. Consumer equilibrium 4. MRSxy = MRsyx
Match the following.
| List-I | List-II |
| a. Utilitarian approach | 1. Marginal rate of substitution |
| b. Ordinal approach | 2. Budget line and indifference curve |
| c. Price consumption curve | 3. U = f(x, y) |
| d. Consumer equilibrium | 4. MRSxy = MRsyx |
A.
a-1, b-4, c-3, d-2
B.
a-2, b-3, c-4, d-1
C.
a-3, b-1, c-2, d-4
AnswerD.
a-4, b-2, c-1, d-3
Answer: Option C
Solution
Answer: Option C
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