Match the following mathematical concepts with their corresponding definitions:
| LIST-I | LIST-II |
|---|---|
| A. Convexity of Preferences | I. A condition where preferences are represented by a utility function that is concave. |
| B. Marginal Rate of Substitution (MRS) | II. The rate at which a consumer is willing to trade one good for another while keeping utility constant. |
| C. Linear Programming | III. A mathematical technique used to find the best outcome in a model with linear constraints. |
| D. Euler’s Theorem | IV. Describes a mathematical relationship involving a homogeneous function. |
1
A - II, B - IV, C - III, D - I
2
A - I, B - II, C - III, D - IV
3
A - III, B - I, C - IV, D - II
4
A - IV, B - III, C - II, D - I