Question

Match List-I with List-II.

List-I	List-II
A. Marginal rate of Substitutions	I. Slope of Budget Line
B. Budget Line	II. Ratio of Marginal Utility
C. Indifference Curve	III. Locus of equal utility
D. Price Ratio	IV. Constraints based on income

• A. A-II, B-IV, C-III, D-I
• B. A-II, B-III, C-IV, D-I
• C. A-IV, B-III, C-II, D-I
• D. A-II, B-I, C-III, D-IV

Hint:

MRS is the ratio of marginal utilities, while the price ratio gives the slope of the budget line.

Answer 1

The Correct Option is A