CUET-PG SERIES Economics
Utility Functions
1 previous year questions.
Volume: 1 Ques
Yield: Medium
High-Yield Trend
1
2024 Chapter Questions 1 MCQs
01
PYQ 2024
medium
economics ID: cuet-pg-
Suppose an individual has a utility function given by, . We can say that this function displays:
1
Diminishing marginal rate of substitution
2
Increasing marginal rate of substitution
3
Constant marginal rate of substitution
4
Zero marginal rate of substitution