Question

Match List-I with List-II
List-I (Terms/relationship/principles, etc.):
(A) Factor -factor relationship
(B) Optimum enterprise combination
(C) Product-product relationship
(D) Least cost combination
List-II (Algebraic forms, etc.):
(I) $\Delta X_1 \Delta / X_2 = P_{X_2} / P_{X_1}$}
(II) $Y_1 = f(Y_2, X^0)$ or $Y_2 = f(Y_1, X^0)$
(III) $\Delta Y_1 / \Delta Y_2 = P_{Y_2} / P_{Y_1}$}
(IV) $X_1 = f(X_2, Y^0)$ or $X_2 = f(X_1, Y^0)$
Choose the correct answer from the options given below:

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

Hint:

"Factor-factor" refers to input substitution (only $X$ variables vary, with constant $Y^0$), while "Product-product" refers to output allocation (only $Y$ variables vary, with constant $X^0$).

Answer 1

The Correct Option is C