Match List-I with List-II | List-I | List-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:

Question

Option 1: (A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Option 2: (A) - (I), (B) - (III), (C) - (II), (D) - (IV)

Option 3: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

AfterBoards · Accepted Answer

The answer is '(A) - (I), (B) - (III), (C) - (II), (D) - (IV)'. View full solution:

CUET Economics 2025 13 May Shift 1 PYQs

Keyboard Shortcuts