Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Match List-I with List-II (TP: TOTAL PRODUCT; L: UNITS OF LABOUR)

List-I

List-II

(A) $TP/L$

(I) Total Product is maximum

(B) $ΔTP/ΔL$

(II) Marginal product

(C) $∑ΜΡ$

(III) Total product

(D) $MP=0$

(IV) Average Product

Choose the correct answer from the options given below:

Options:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(IV), (B)-(III), (C)-(II), (D)-(I)

(A)-(IV), (B)-(II), (C)-(III), (D)-(I)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(IV), (B)-(II), (C)-(III), (D)-(I)

Explanation:

The correct answer is Option (3) → (A)-(IV), (B)-(II), (C)-(III), (D)-(I)

List-I

List-II

(A) $TP/L$

(IV) Average Product

(B) $ΔTP/ΔL$

(II) Marginal product

(C) $ΣΜΡ$

(III) Total product

(D) $MP=0$

(I) Total Product is maximum