?
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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