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
Related Questions on Agricultural Economics
Cost calculated for per hectare is known as
A. Cost of cultivation
B. Cost of production
C. Cost of farming
D. Fixed cost
The gross agricultural area in Rajasthan during 2011 was
A. 193.10 lakh hectares
B. 183.49 lakh hectares
C. 193.20 lakh hectares
D. 194.33 lakh hectares
A. Economic holding
B. Basic holding
C. Optimum holding
D. None of the above
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