CUET Economics 2025 13 May Shift 1Micro > Medium(A) - (IV), (B) - (I), (C) - (II), (D) - (III)(A) - (I), (B) - (II), (C) - (II), (D) - (IV)(A) - (I), (B) - (II), (C) - (IV), (D) - (III)(A) - (II), (B) - (IV), (C) - (I), (D) - (II)✅ Correct Option: 1Related questions:21 May Shift 1Which of the following is true about the law of variable proportions? (A) Total product eventually declines. (B) Average product is an inverse U shaped curve. (C) Marginal product becomes equal to Average product at its minimum. (D) Marginal product can never be negative. Choose the correct answer from the options given below:30 May Shift 2Choose the correct statements from the options given below in terms of the shapes of the short run cost curves. (A) Average fixed cost curve is a rectangular hyperbola. (B) Total fixed cost is horizontal straight line. (C) Average variable cost is upward sloping. (D) Marginal cost is U shaped. Choose the correct answer from the options given below:2 June Shift 1Under perfect competition, for the producer to be in equilibrium: