Economics · Cost Theory
Match the items in List-I with List-II and choose the correct answer: List-I: (A) Fixed Cost (B) Variable Cost (C) Average Fixed Cost (D) Marginal Cost List-II: (I) Zero at zero output (II) Remains unchanged with output (III) Falls continuously (IV) Change in total cost
- 1A-II, B-I, C-III, D-IV✓
- 2A-I, B-II, C-III, D-IV
- 3A-II, B-III, C-I, D-IV
- 4A-III, B-II, C-I, D-IV
Correct answer
A-II, B-I, C-III, D-IV
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