Match the following columns
Column I | Column II |
a. Total cost is equal to | 1. VC/output |
b. Average cost is equal to | 2. FC/output |
c. Fixed cost is equal to | 3. TC/output |
d. Variable cost is equal to | 4. FC + VC |
A. a-2, b-4, c-3, d-1
B. a-4, b-3, c-2, d-1
C. a-3, b-4, c-2, d-1
D. a-2, b-3, c-4, d-1
Answer: Option B
Join The Discussion