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) Total variable cost	(I) $TR - (TVC + TFC)$
(B) Total Revenue	(II) $TVC_n – TVC_{n-1}$
(C) Profit	(III) Average variable cost × Quantity
(D) Marginal cost	(IV) Price × Quantity

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

List-I	List-II
(A) Total variable cost	(III) Average variable cost × Quantity
(B) Total Revenue	(IV) Price × Quantity
(C) Profit	(I) $TR - (TVC + TFC)$
(D) Marginal cost	(II) $TVC_n – TVC_{n-1}$