Match the LIST-I with LIST-II

LIST-I	LIST-II
A. When a proportional increase in all inputs results in an increase in output by a larger proportion	I. Constant Returns to Scale
B. When a proportional increase in all inputs results in an increase in output by the same proportion	II. Law of variable proportion
C. When a proportional increase in all inputs results in an increase in output by a smaller proportion	III. Increasing Returns to Scale
D. The tendency of the marginal product first increase and then fall	IV. Decreasing Returns to Scale

Choose the correct answer from the options given below:

From the following statements about a firm's supply curve, select the correct statements:

(A) Technological progress is expected to shift the supply curve of a firm to the right.

(B) An increase in input prices is expected to shift the supply curve of a firm to the left.

(C) A decrease in input prices is expected to shift the supply curve of a firm to the left.

(D) The imposition of a unit tax shifts the supply curve of a firm to the left.

Choose the correct answer from the options given below:

The change in output per unit of change in the input when all other inputs are held constant, is termed as __________.

What does break even point indicate?

LRMC cuts the LRAC curve from below at the point where.

Choose the correct options with reference to short-run average costs.

(A) Average total cost = total cost / quantity of output

(B) Average total cost = average variable cost + average fixed cost

(C) Average variable cost = average total cost - average fixed cost

(D) Average fixed cost = average variable cost - average cost

Choose the correct answer from the options given below:

Which of the following conditions must hold for a firm to maximise its profit.

(A) Price= Short run marginal Cost

(B) Short Run marginal cost curve is non-decreasing

(C) Price ≤ Marginal Cost

(D) Price ≥ Average variable cost

Choose the correct answer from the options given below: