Economics · Economy
Match List-I (Cost Curve) with List-II (Nature/Shape): List-I: a) Total fixed cost curve b) Short-run average cost curve c) Average fixed cost curve d) Long-run average cost curve List-II: I. Convex to the origin (Rectangular hyperbola) II. Saucer-shaped / Envelope curve III. Parallel to X-axis IV. U-shaped
- 1a-III, b-IV, c-I, d-II✓
- 2a-II, b-III, c-IV, d-I
- 3a-IV, b-I, c-II, d-III
- 4a-I, b-II, c-III, d-IV
Correct answer
a-III, b-IV, c-I, d-II
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