Economics · Consumer Behaviour and Utility
Match List-I with List-II: List-I: (A) Analysis assuming utility can be expressed in numbers. (B) Change in total utility due to consumption of one additional unit of a commodity. (C) Marginal utility from consuming each additional unit declines as consumption increases. (D) The amount of one good a consumer foregoes to obtain an additional unit of another good, keeping total utility constant. List-II: (I) Cardinal Utility (II) Law of Diminishing Marginal Utility (III) Marginal Utility (IV) Marginal Rate of Substitution
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
- 2(A)-(I), (B)-(III), (C)-(II), (D)-(IV)✓
- 3(A)-(I), (B)-(II), (C)-(IV), (D)-(III)
- 4(A)-(III), (B)-(IV), (C)-(I), (D)-(II)
Correct answer
(A)-(I), (B)-(III), (C)-(II), (D)-(IV)
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