The change in total cost per unit of change in output is known as by which name Option 1: Average Cost Option 2: Variable Cost Option 3: Fixed Cost Option 4: Short Run Marginal Cost

The answer is 'Short Run Marginal Cost'. View full solution:

CUET Economics - The change in total cost per unit of change in output is known as by which name | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Average Cost

Variable Cost

Fixed Cost

Short Run Marginal Cost

✅ Correct Option: 4

Related questions:

22 May Shift 1

When more workers are hired, the land begins to get 'crowded'. Each worker now has insufficient land to work efficiently. So the output added by each additional worker is now proportionally less as a result the marginal product begins to __________.

28 May Shift 2

Which of the following states that "The marginal product of a factor input initially rises with its employment level, but after reaching a certain level of employment, it starts falling"?

27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Short run Marginal Cost (SMC)	(I) ΔTC/Δq
(B) Long run Average Cost (LRAC)	(II) TVC/q
(C) Average Variable Cost (AVC)	(III) TC/q
(D) Average Fixed cost (AFC)	(IV) TFC/q

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 1 PYQs

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