Q.
1
|
List I |
List II |
| ( Cost concepts) | (Description) |
| A. Sunk cost | I. Change in total cost for a unit change in output |
| B. Marginal cost | II. Value of inputs owned and used in production |
| C. Investment cost | III. Costs that are unaffected by firm decision |
| D. Implicit cost | IV. Total increase in costs resulting from a decision |
Choose the correct answer from the options given below:
-
A
A-II B-I C-IV D-II -
B
A-I B-III C-IV D-I -
C
A-IV B-II C-III D-I -
D
A-I B-II C-III D-IV