5. Match list 1 with list 2 and select the correct answer using the codes given below the lists
List 1 List 2

(a) Linear Expenditure system (1) Chamberlin

00) Marginalism (2) B.P. Pashigian
(c) Small Group model (8) R. Stone
(d) Limit Price (4) FMearchlup

(ಐ) 0) (0 ൭

ധദ 4 2 1
© 4 ദ 9 1
൭3 4 1 9
(0) 1 2 4 3

6. Consider the following examples:
൫) — Acase where senior citizens are offered a product at discounts
(1) Acase where prices are set by bargaining, as in antique markets
(iii) A case where bulk discounts are available for large purchases

If we arrange the above examples in the ascending order of Price discrimination say
First Degree, Second Degree and Third Degree, which of the following sequences would
be correct:

(A) Only (iii)-First Degree, (ii)-Second Degree. (i)-Third Degree
(B) Only (ii)
(0 Only (ii)-First Degree, (iii)-Second Degree, (i)-Third Degree
(D) Only (i)-First Degree, (ii)-Second Degree, (iii)-Third Degree

‘irst Degree. (i)-Second Degree, (iii)-Third Degree

7. Which of the following is/are True?
(i) The risk-averse consumer has a concave utility function
(1) The risk-loving consumer has a concave utility function
(ii) The risk-averse consumer has a convex utility function
(iv) The risk-loving consumer has a convex utility function
(v) The risk-neutral consumer has a linear utility function

(^) Only Qi, (iv) and (v) (B) Only (vi), Gii) and (छ)
(C) Only Gi), Gii) and (v) (D) Only (@),(i), (iv) and (v)

087/2023 4 A