Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Match List-I with List-II

List-I	List-II
(A) Payments by a firm for inputs	(I) Cost of production
(B) Output sold by a firm in the market	(II) Revenue
(C) Inputs are transformed into output	(III) Production
(D) Objective of a firm to maximize	(IV) Profit

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (1) → (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

List-I	List-II
(A) Payments by a firm for inputs	(I) Cost of production
(B) Output sold by a firm in the market	(II) Revenue
(C) Inputs are transformed into output	(III) Production
(D) Objective of a firm to maximize	(IV) Profit