Economics · Cost Concepts
Match the type of cost with its correct characteristic: Column A1. Fixed Cost (FC)2. Variable Cost (VC)3. Average Cost (AC)4. Marginal Cost (MC) Column B A. Varies with output B. Remains constant regardless of output C. Total cost per unit of output D. Extra cost for producing one more unit
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11-A, 2-B, 3-C, 4-D
- 21-A, 2-B, 3-D, 4-C
- 31-B, 2-A, 3-D, 4-C
- 41-B, 2-A, 3-C, 4-D✓
Correct answer
1-B, 2-A, 3-C, 4-D
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