CUET Economics 2025 13 May Shift 1 PYQs

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:

in the long run when the average cost is rising, marginal cost must be.

Arrange the following in correct sequence to attain equilibrium under perfect competition.

(A) LRMC start rising.

(B) Both LRAC and LRMC fall.

(C) Both LRAC and LRMC rises.

(D) LRMC cuts LRAC from below.