Correct option is B
Property of production indifference curves –
Downward Sloping
Convex to the origin
Higher Indifference curves represent higher levels of output
Do not intersect
Property of production indifference curves –
Downward Sloping
Convex to the origin
Higher Indifference curves represent higher levels of output
Do not intersect
| LIST-I Concept |
LIST-II Formula |
| A. Total Utility |
I. MU1+MU2+______MUn |
| B. Marginal Utility |
II. TUn−TUn−1 |
| C. Average Fixed Cost |
III. ΔTC/ΔQ |
| D. Marginal Cost |
IV. TFC/Q |
Assertion A: Equilibrium price of a commodity is the price at which the quantity demanded of the commodity equals the quantity supplied.
Reasoning R: Equilibrium is the condition, once determined, tends to persist in time.
Choose the right options:
Match the market forms in List I and the role of the selling costs in List II

Choose the correct answer from the options given below:
Suggested Test Series
Suggested Test Series