Which of the following are correct: (A) Average Product of labor = Total Product of labor / Labor. (B) Average cost = average variable cost + average…
CUET UG 2025 — Economics Micro
Which of the following are correct:
(A) Average Product of labor = Total Product of labor / Labor.
(B) Average cost = average variable cost + average fixed cost.
(C) Marginal Product of labor = Total Product of labor/Labor.
(D) Average fixed cost = Fixed cost / Output.
Choose the correct answer from the options given below:
Held on 27 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (B) and (C) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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