Match List-I and List-II
|
List I (Marginal rate of substitution) |
List II (Indifference curve) |
||
|
a. |
Marginal rate of substitution is decreasing |
i. |
Indifference curve downward sloping Straight line |
|
b. |
Marginal rate of substitution is zero |
ii. |
Indifference curve is convex to origin |
|
c. |
Marginal rate of substitution is increasing |
iii. |
Indifference curve is concave to origin |
|
d. |
Marginal rate of substitution is constant |
iv. |
Indifference curve is L shaped |
Choose the correct code:
1
a - i, b - iii, c - iv, d - ii
2
a - ii, b - i, c - iii, d - iv
3
a - iii, b - ii, c - iv, d - i
4
a - ii, b - iv, c - iii, d - i