CUET and UG exam CUET UG 2025 Mock Test Series Mathematics Differential Calculus Applications of Derivatives
Consider the following statements regarding the cost and revenue of a company. Which of the following statement is/are correct?
1
The production cost of a company is a sum of fixed cost and variable cost
2
The total revenue of the company is the product for a unit price and the number of units produced by it.
3
Marginal cost and marginal revenue are the instantaneous rates of change of cost and revenue with respect to output.
4
All the above