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MICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 4 CONSUMER'S EQUILIBRIUM INDIFFERENCE CURVE ANALYSIS1 Mark
MCQ
Assertion (A) In ordinal utility analysis, equilibrium strikes where $M R S>\frac{P_X}{P_Y}$.
Reason (R) : The consumer reaches his optimum choice when IC is convex to the origin.
  • A
    Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
  • B
    Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
  • C
    Assertion (A) is true but Reason (R) is false
  • ✓
    Assertion (A) is false but Reason (R) is true
✓

Answer

Correct option: D.
Assertion (A) is false but Reason (R) is true
(d)

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