Managerial Economics

1:

Match the following :

List-I (Cost)

(A) Average fixed cost

(B) Average variable cost

(C) Average total cost

(D) Marginal cost

List-II (Formula)

1. Total Fixed cost/Quantity

2. Total Variable cost/Quantity

3. Total cost/Quantity

4. Total production + one addition production

A.

(a) (b) (c) (d)

1    4    3    2

B.

(a) (b) (c) (d)

1    2    3    4

C.

(a) (b) (c) (d)

3    1    2    4

D.

(a) (b) (c) (d)

1    3    2    4

 

Answer : B

Explanation :

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Option: A

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