Match theories in List I with economists in List II. List IList II I. Cardinal utility demand 1. Hicks…
Marshall developed cardinal utility demand, Samuelson revealed preference, Hicks indifference analysis, and von Neumann–Morgenstern expected utility under uncertainty:2,4,1,3.
Choose your answer
Match theories in List I with economists in List II.
| List I | List II |
|---|---|
| I. Cardinal utility demand | 1. Hicks |
| II. Revealed preference demand | 2. A. Marshall |
| III. Indifference preference demand | 3. Neuman & Morgenstern |
| IV. Utility index under uncertainty | 4. Samuelson |
Codes list matches for I, II, III, IV in that order.
Answer and explanation
Correct answer C
Marshall developed cardinal utility demand, Samuelson revealed preference, Hicks indifference analysis, and von Neumann–Morgenstern expected utility under uncertainty:2,4,1,3.
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UGC NET Economics