Match List-I with List-II: List-I: (A) Analysis assumes that utility can be numerical (B) Change in total utility from consuming one more unit (C) Marginal utility decreases as consumption increases (D) Rate at which one good is substituted for another to maintain equal total utility List-II: (I) Cardinal Utility (II) Law of Diminishing Marginal Utility (III) Marginal Utility (IV) Marginal Rate of Substitution Choose the correct option:

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Economics · Consumer Behaviour and Utility Theory

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

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