Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Match List-I with List-II

List-I

List-II

(A) TVC

(I) AVC × quantity

(B) SAC

(II) AVC + AFC

(C) TC

(III) TVC + TFC

(D) LRMC

(IV) (TC at $q_1$ units) - (TC at $q_1$ - 1 units)

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)-(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) TVC

(I) AVC × quantity

(B) SAC

(II) AVC + AFC

(C) TC

(III) TVC + TFC

(D) LRMC

(IV) (TC at $q_1$ units) - (TC at $q_1$ - 1 units)