Skip to main contentSkip to solution

Match List-I with List-II

List-IList-II
(A) Demand function(I) Change in total utility due to consumption of one additional unit of a commodity.
(B) Indifference curves(II) The relation between the consumer's optimal choice of the quantity of a good and its price.
(C) Marginal utility(III) The level of utility that can be expressed in numbers.
(D) Cardinal utility(IV) Never intersect each other.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

The demand function relates the consumer's optimal quantity of a good to its price, so (A)-(II). A key property of indifference curves is that they never intersect, so (B)-(IV). Marginal utility is the change in total utility from one additional unit, so (C)-(I). Cardinal utility means utility expressed in numbers, so (D)-(III). This gives option 3.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question