Match the items of the List - I with those of List - II and suggest the correct code :
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List - I |
List - II |
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a. Constant average cost over a range of output |
i. Economic capacity |
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b. Average cost becomes constant momentarily |
ii. Reserve capacity |
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c. Normal average cost is a U-shaped curve |
iii. Production and Managerials costs effects |
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d. Modem Long-run average cost is L- shaped |
iv. Economies and Diseconomies |
| A. | Codes : a b c d i ii iii iv |
| B. | Codes : a b c d ii iii iv i |
| C. | Codes : a b c d iii iv ii i |
| D. | Codes : a b c d ii i iv iii |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
