CUET Economics - Which of the following conditions must hold for a firm to maximise its profit. (A) Price= Short run marginal Cost (B) Short Run marginal cost curve is non-decreasing (C) Price ≤ Marginal Cost (D) Price ≥ Average variable cost Choose the correct answer from the options given below: | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Medium

(B), (C) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (B) and (D) only

✅ Correct Option: 4

Related questions:

3 June Shift 2

The cost of a firm has increased from Rs. $67$ to Rs. $80$ when the units of cotton production rose from $8$ to $9$ . Calculate the marginal cost of a firm?

3 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Total Cost	(I) Change in total cost when an additional unit of output is produced.
(B) Marginal Cost	(II) Vertical summation of Average Fixed Cost (AFC) and Average Variable Cost (AVC) curves.
(C) Fixed Cost	(III) Explicit Costs + Implicit Costs.
(D) Short period Average Cost (AC) Curve	(IV) Does not change with increase or decrease in output.

Choose the correct answer from the options given below:

21 May Shift 1

Manoj is a seller in a market where more can be sold only by lowering the price of the goods. Which of the following will be true about his revenue.

(A) Total revenue will increase at a constant rate.

(B) Average revenue will be more than his marginal revenue at all the levels of output sold.

(D) Marginal revenue can be zero at some level of output sold.

Choose the correct answer from the options given below:

CUET Economics 2025 13 May Shift 1 PYQs

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