Managerial Economics

1:

Match the following :

(A) Cardinal approach                        1. Marginal utility

(B) Ordinal approach                          2. Alfred Marshall

(C) Hicks-Allen approach                   3. J.R. Hicks

(D) Consumer's surplus                      4. Indifference curve

                                                           5. Revealed preference theory

A.

(A) (B) (C) (D)

4    3    1    2

B.

(A) (B) (C) (D)

1    2    3    4

C.

(A) (B) (C) (D)

3    4    2    1

D.

(A) (B) (C) (D)

2    4    1    3

 

Answer : B

Explanation :

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Option: A

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