Economics · Production and Costs
Match List-I with List-II: List-I: (A) Overall relationship between inputs and total output (B) Output produced per unit of variable input (C) Change in output per unit change in variable input (D) Law stating marginal product initially rises and then eventually falls List-II: (I) Average Product (II) Marginal Product (III) Law of Variable Proportions (IV) Total Product Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A)-(III), (B)-(IV), (C)-(I), (D)-(II)
- 2(A)-(I), (B)-(II), (C)-(IV), (D)-(III)
- 3(A)-(I), (B)-(III), (C)-(II), (D)-(IV)
- 4(A)-(IV), (B)-(I), (C)-(II), (D)-(III)✓
Correct answer
(A)-(IV), (B)-(I), (C)-(II), (D)-(III)
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