?
Match the following.
| List-I |
List-II |
| a. Fixed costs |
1. Fall at first and then rise as the firm approaches full capacity |
| b. Variable costs |
2. Continue to fall at rate proportionate with the increase in output |
| c. Total costs |
3. Are those costs which do not increase as output increases |
| d. Average total costs |
4. Are the amount paid to all the factors employed in producing the output |
| e. Average fixed costs |
5. Are those costs which increase as output increase |
Answer & Solution
Correct Answer:
Option
A
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