Match the following List-I (Values of MRSxy) List-II a MRSxy is...

Home / Management / Managerial Economics / Question

Examveda

Match the following.

List-I (Values of MRS_xy)
List-II

a. MRS_xy is diminishing 1. L shaped indifference curve

b. MRS_xy is constant 2. Indifference curve is concave to the origin

c. MRS_xy is increasing 3. Indifference curve is straight line sloping downwards to the right

d. MRS_xy is zero 4. Indifference curve must be convex to the origin

A. a-1, b-2, c-3, d-4

B. a-1, b-3, c-2, d-4

C. a-4, b-3, c-2, d-1

D. a-2, b-4, c-3, d-1

Answer: Option C

This Question Belongs to Management >> Managerial Economics

Related Questions on Managerial Economics

A. Bonus theory

B. Normative theory

C. System theory

D. Accounting theory

View Answer

A. Accounting Theory

B. Pricing Decision, Policies and Practices

C. Capital Management

D. Profit Management

View Answer

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 2 and 4

D. 1, 3 and 4

View Answer

A. Profit management

B. Accounting theory

C. Pricing policies

D. Production analysis

View Answer

List-I (Values of MRS_xy)	List-II
a. MRS_xy is diminishing	1. L shaped indifference curve
b. MRS_xy is constant	2. Indifference curve is concave to the origin
c. MRS_xy is increasing	3. Indifference curve is straight line sloping downwards to the right
d. MRS_xy is zero	4. Indifference curve must be convex to the origin