Match the following:
| a. Various combinations of two commodities that a consumer can purchase | 1. Indifference map |
| b. Various combinations of two commodities that give consumer equal satisfaction | 2. Indifference curve |
| c. A set of indifference curves | 3. Budget line |
| d. Point of tangency of a budget line and an indifference curve | 4. Consumer's equilibrium |
A. a-2, b-3, c-4, d-1
B. a-4, b-3, c-2, d-1
C. a-1, b-2, c-4, d-3
D. a-3, b-2, c-1, d-4
Answer: Option D
This Question Belongs to Management >> Managerial Economics
Related Questions on Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis
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