Home

What is the correct answer?

4

Cardinal approach includes arranging:

A. The different combinations of X and Y higher and lower without actually measuring the difference of utility between them

B. The different combinations of X and Y higher and lower and measuring the difference of utility between them

C. Different combination of X, Y and Z

D. None of above

Correct Answer :

B. The different combinations of X and Y higher and lower and measuring the difference of utility between them


Related Questions

The firms in non-cooperative games: When at a given price, the quantity supplied of a commodity is more than… The budget constraint can be written as: In case of monopoly, TR curve rises at a: For a commodity giving large consumers surplus, the demand will be: According to Robbins, economics is a: Who is the author of Trade Cycle ? In the case of complements, the cross demand curve slopes: A firms profit is equal to: The main objective of the firm is to: A decrease in demand lowers the price the most: The Input-Output Analysis was originated by: Plumbing and pipe-fitting require many of the same skills. If the wage… The arc elasticity is the measure of average elasticity at the mid-point… Which of the following is assumed to be constant when drawing a demand… If the commodity is inferior then Income Effect (I.E) is: If a new production technology for producing compact discs is developed… Repetition of a game (Repeated Game): Ordinal approach includes arranging: A straight line, downward-sloping demand curve implies that, as price… The slope of indifference curve shows: The Law of Equi-Marginal Utility states: We can obtain consumers demand curve from: Marginal utility equals: In long run, a firm can change: Demand is elastic when the coefficient of elasticity is: In 1890, Principles of Economics was written by: The Cambridge School of Thought refers to the group of English economists… The advertisement and other selling activities: Law of Variable Proportions is regarding in: