List-I(Works) | List-II(Authors) | ||
---|---|---|---|
A | Theory of Moral Sentiments | I | J.M. Keynes |
B | Theories of Surplus Value | II | J.S. Mill |
C | General Theory | III | Adam Smith |
D | On Liberty | IV | Karl Marx |
(A) Theory of moral sentiments was written by Adam Smith.
(B) Theories of surplus value were proposed by Karl Marx.
(C) General Theory is by J.M. Keynes.
(D) On liberty was written by J.S. Mill.
Thus, the correct match is (d).
Which of the following are applicable to the individual's expenditure function?
(A) It is homogeneous of degree zero in all prices.
(B) It represents the maximum expenditure to achieve a given level of utility.
(C) It is non-decreasing in prices.
(D) It is concave in prices.
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