Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Geography (World Geography) World Economic and Human Geography
Which one of the following is correct for the cost-input graph of industrial production system, where point of profit maximising output is
1
Marginal cost is not equal to marginal revenue
2
Marginal cost equals to marginal revenue
3
Average cost equals to average revenue
4
Total cost equals to total revenue