Multiple choice

Match the following ||| |---|---| | Group - I| Group - II| |1. Profit maximisation and its implications|(i) M. Z. Kafolgis| |2. Rules of thumb and optimally imperfect decisions|(ii) W. J. Baumol| |3. Economic theory and operations analysis|(iii) T. Scitovsky| |4. Output of the restrained firm |(iv) R. E. Quant|

  1. 1 - (iv), 2 - (iii), 3 - (ii), 4 - (i)

  2. 1 - (i), 2 - (ii), 3 - (iii), 4 - (iv)

  3. 1 - (i), 2 - (iii), 3 - (iv), 4 - (ii)

  4. 1 - (iii), 2 - (iv), 3 - (ii), 4 - (i)

  5. 1 - (iv), 2 - (ii), 3 - (iii), 4 - (i)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

"Profit maximisation and its implications" was introduced by T. Scitovsky. "Rules of thumb and optimally imperfect decisions" was propounded by R. E. Quant. "Economic theory and operations analysis" was introduced by W. J. Baumol. "Output of the restrained firm" was propounded by M. Z. Kafolgis.

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