Match List-I with List-II
|
List-I |
List-II |
|
(A) Short run Marginal Cost (SMC) |
(I) $ΔTC/Δq$ |
|
(B) Long run Average Cost (LRAC) |
(II) $TVC/q$ |
|
(C) Average Variable Cost (AVC) |
(III) $TC/q$ |
|
(D) Average fixed cost (AFC) |
(IV) $TFC/q$ |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(I), (B)-(III), (C)-(II), (D)-(IV)
|
List-I |
List-II |
|
(A) Short run Marginal Cost (SMC) |
(I) $ΔTC/Δq$ |
|
(B) Long run Average Cost (LRAC) |
(III) $TC/q$ |
|
(C) Average Variable Cost (AVC) |
(II) $TVC/q$ |
|
(D) Average fixed cost (AFC) |
(IV) $TFC/q$ |