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This question belongs to Management Managerial Economics
Managerial Economics
?

Match the following:
List-I (Cost) List-II (Formula)
a. Average fixed cost 1. $$\frac{{{\text{Total Fixed Cost}}}}{{{\text{Quantity}}}}$$
b. Average variable cost 2. $$\frac{{{\text{Total Variable Cost}}}}{{{\text{Quantity}}}}$$
c. Average total cost 3. $$\frac{{{\text{Total Cost}}}}{{{\text{Quantity}}}}$$
d. Marginal cost 4. $${\text{Total production}} + {\text{One addition production}}$$

Answer & Solution
Correct Answer: Option B
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