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:
Answer & explanation
Correct answer: option 4
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) $TVC_n – TVC_{n-1}$ |