Which one of the following assumptions is not related to consumer behaviour based on the cardinal utility approach?
A. | Rationality |
B. | Diminishing marginal utility of money |
C. | Utility cardinally measurable |
D. | Maximization of satisfaction with limited money income |
Option: B Explanation : Click on Discuss to view users comments. |
A. | Both the statements are correct |
B. | Both the statements are incorrect |
C. | Statement - I is correct while Statement - II is incorrect |
D. | Statement - I is incorrect while Statement - II is correct |
Option: D Explanation : Click on Discuss to view users comments. |
List - I (Market Structure)
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List – II (Nature of industry whe re prevalent)
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(a) Perfect competition
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(i) Aluminium and passenger cars
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(b) Oligopoly |
(ii) Public utilities like Telephones and Electricity |
(c) Monopoly |
(iii) Manufacturing : T. V. Sets, Refrigerators |
(d) Mono polistic competition |
(iv) Farm Products : Grains |
A. | (i) (ii) (iii) (iv) |
B. | (iv) (i) (ii) (iii) |
C. | (iii) (iv) (i) (ii) |
D. | (ii) (ii;) (iv) (i) |
Option: C Explanation : Click on Discuss to view users comments. |
A. | Both statements are correct |
B. | Both statements are incorrect |
C. | Statement - I is correct while Statement - Il is incorrect |
D. | Statement - I is incorrect wh ile Statement - II is correct |
Option: A Explanation : Click on Discuss to view users comments. |