Question

Match List-I with List-II: \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Relationship between the variable input and output.} & (III) & \text{Law of Variable Proportions} \\ \hline (B) & \text{Output per unit of variable input.} & (I) & \text{Average Product} \\ \hline (C) & \text{Change in output per unit of change in the input.} & (II) & \text{Marginal Product} \\ \hline (D) & \text{The marginal product of a factor input initially rises with its employment level.} & (IV) & \text{Total Product} \\ \hline \end{array} \]

• (A) – (IV), (B) – (I), (C) – (II), (D) – (III)
• (A) – (I), (B) – (III), (C) – (II), (D) – (IV)
• (A) – (II), (B) – (I), (C) – (IV), (D) – (III)
• (A) – (III), (B) – (IV), (C) – (I), (D) – (II)

Hint:

- Total Product: Overall output.
- Average Product: Output per unit of input.
- Marginal Product: Extra output from one more unit of input.
- Law of Variable Proportions: MP first increases, then decreases.

Answer 1

The Correct Option is A

Step 1: Establish logical pairings between items.
- (A) Correlation between variable input and output → Total Product (IV).
- (B) Production yielded per unit of variable input → Average Product (I).
- (C) Output alteration per unit of input modification → Marginal Product (II).
- (D) The trend of marginal product increasing initially, then decreasing as input escalates → Law of Variable Proportions (III).
Step 2: Confirm against provided choices.
The established pairings correspond to option (1).
Final Answer: \[\boxed{(A) – (IV), \; (B) – (I), \; (C) – (II), \; (D) – (III)}\]