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Ordinal utility analysis of the consumer's behaviour is considered superior to the cardinal utility analysis mainly due to

Ordinal utility analysis of the consumer's behaviour is considered superior to the cardinal utility analysis mainly due to Correct Answer bifurcation of price effects into income and substitution effects

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The ordinal utility analys is of consumer behaviour is considered superior to the cardinal utility analysis mainly due to the
Cardinal utility analysis of consumer's behaviour is based on which combination of the following assumptions: (i) Utility is measurable in terms of cardinal number. (ii) Constancy of the marginal utility of money (iii) Utilities of different goods are interdependent (iv) Gossen's first law of consumption Choose the correct answer from the code given below:
Cardinal utility analysis of consumer's behaviour is based on which combination of the following assumptions:
I. Utility is measurable is terms of cardinal numbers
II. Constancy of the marginal utility of money
III. Utilities of different goods are interdependent
IV. Gossen's first law of consumption
Choose the correct answer
Which of the following are not the assumptions related to the theory of consumer behaviour as per the cardinal utility approach?
1. Rational consumer
2. Unlimited money income
3. Utility cardinally measurable
4. Diminishing marginal utility of money
5. Constant marginal utility of commodities
6. Maximisation of satisfaction
7. Utility is additive
Read the passage carefully and select the best answer to each question out of the given four alternatives.
What is Gandhian philosophy? It is the religious and social ideas adopted and developed by Gandhi, first during his period in South Africa from 1893 to 1914, and later of course in India. These ideas have been further developed by later "Gandhians", most notably, in India by, Vinoba Bhave and Jayaprakash Narayan. Outside of India some of the work of, for example, Martin Luther King Jr. can also be viewed in this light. Understanding the universe to be an organic whole, the philosophy exists on several planes - the spiritual or religious, moral, political, economic, social, individual and collective. The spiritual or religious element, and God, is at its core. Human nature is regarded as fundamentally virtuous. All individuals are believed to be capable of high moral development, and of reform. The twin cardinal principles of Gandhi's thought are truth and nonviolence. It should be remembered that the English word "truth" is an imperfect translation of the Sanskrit, "satya", and "non-violence", an even more imperfect translation of "ahimsa". Derived from "sat" - "that which exists" - "satya" contains a dimension of meaning not usually associated by English speakers with the word "truth". There are other variations, too, which we need not go into here. For Gandhi, truth is the relative truth of truthfulness in word and deed, and the absolute truth - the Ultimate Reality. This ultimate truth is God (as God is also Truth) and morality - the moral laws and code - its basis. Ahimsa, far from meaning mere peacefulness or the absence of overt violence, is understood by Gandhi to denote active love - the pole opposite of violence, or "Himsa", in every sense. The ultimate station Gandhi assigns non violence stems from two main points. First, if according to the Divine Reality all life is one, then all violence committed towards another is violence towards oneself, towards the collective, whole self, and thus "self"-destructive and counter to the universal law of life, which is love. Second, Gandhi believed that ahimsa is the most powerful force in existence. Had himsa been superior to ahimsa, humankind would long ago have succeeded in destroying itself. The human race certainly could not have progressed as far as it has, even if universal justice remains far off the horizon. From both viewpoints, non violence or love is regarded as the highest law of humankind.
What are the twin cardinal principles of Gandhis thought?
From the following list, identify those which are relevant for the theory of rational choice: (a) Aggregation of social behaviour (b) Random behaviour (c) Determinants of behaviour (d) Prediction of behaviour (e) Study of interest groups (f) Behaviour problems associated with information Indicate your answer from the codes. Select the correct option:
On which of the following assumptions, the theory of consumer behaviour on cardinal utility approach is NOT based?  1. Consumer is rational 2. Limited money income of the consumer 3. Maximization of total satisfaction 4. Diminishing marginal utility of money 
Which of the following statements is most relevant in the context of Job Analysis? Choose the correct answer from the code given below. (i) Job Analysis helps in identifying the right person for the right job. (ii) A person cannot judge the job from the point of view of its suitability. (iii) Job analysis helps in job satisfaction and job efficiency. (iv) Through Job Analysis an employer cannot evaluate the prospective employee to judge his fitness or otherwise for the job. (v) Job Analysis helps in planning appropriate training programs. (vi) Job Analysis defines client needs in specific terms. (vii) Job Analysis assists in knowing the personnel specifications for various jobs.
Which of the following statement regarding Operant Conditioning by B.F. Skinner is correct? I. Positive reinforcement occurs when removal of an aversive or unpleasant stimulus following an emitted behaviour strengthens the occurrence of the behaviour II. Negative reinforcement involves the representation of a pleasant stimulus followed by an emitted behaviour which strengthens the occurrence of the behaviour
Considerthe following
1. Supportive leadership behaviour
2. Participative leadership behaviour
3. Instrumental leadership behaviour
4. Achievement oriented leadership behaviour