Question

Match the statements given under A with the correct options given under B.

(A)	(B)
(i) Initial Utility	a. A rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction
(ii) Indifference Curve Analysis	b. Additional utility derived from consumption of one more unit of given commodity
(iii) Slope of budget line	c. Hicksian Analysis
(iv) Marginal Utility	d. Utility derived from first unit of a commodity
(v) Monotonic Preferences	e. Price Ratio

Answer 1

(A)	(B)
(i) Initial Utility	d. Utility derived from first unit of a commodity
(ii) Indifference Curve Analysis	c. Hicksian Analysis
(iii) Slope of budget line	e. Price Ratio
(iv) Marginal Utility	b. Additional utility derived from consumption of one more unit of given commodity
(v) Monotonic Preferences	a. A rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction