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CUET Economics 2025 PYQs13 May Shift 1. Free, no login required.

Micro

past year questions, CUET Economics 2025 13 May Shift 1

Consumer Behaviour

past year questions, Micro, CUET Economics 2025 13 May Shift 1

Easy

Match List-I with List-II

List-IList-II
(A) Analysis assumes that level of utility can be expressed in numbers.(I) Cardinal Utility
(B) Change in total utility due to consumption of one additional unit of a commodity(II) Law of Diminishing Marginal Utility.
(C) Marginal utility from consuming each additional unit of a commodity declines as its consumption increases.(III) Marginal Utility
(D) The amount of mangoes that the consumer has to forego in order to get an additional banana, her total utility level being the same.(IV) Marginal rate of substitution

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

(A) - (I), (B) - (III), (C) - (II), (D) - (IV) -> Let's match each concept correctly:

(A) Cardinal Utility (I): This approach assumes utility can be measured in absolute numerical terms (utils), allowing us to say one bundle provides '10 utils' versus another providing '5 utils'.

(B) Marginal Utility (III): By definition, marginal utility is the additional satisfaction (change in total utility) gained from consuming one more unit of a good.

(C) Law of Diminishing Marginal Utility (II): This fundamental economic principle states that as consumption increases, the additional satisfaction from each extra unit decreases (e.g., the first slice of pizza is more satisfying than the fifth).

(D) Marginal Rate of Substitution (IV): This represents the rate at which a consumer will trade one good for another while remaining on the same indifference curve (maintaining constant utility). The example perfectly illustrates trading mangoes for bananas while keeping total satisfaction unchanged. -> correct

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