CUET Economics 2025 13 May Shift 1Micro > EasyBreak-even point.Average Profit.Long Run Average Cost.Fixed Cost.✅ Correct Option: 1Related questions:3 June Shift 1Match List-I with List-II List-IList-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:22 May Shift 1In the short run and long run, the shapes of the cost curves for a typical firm are defined as (A). SMC curve cuts the AVC curve from below at its minimum point. (B). LRAC curve cuts the LRMC curve from below at the minimum point of LRMC. (C). SMC curve cuts the SAC curve from below at the minimum point of SAC. (D). Average fixed cost curve is downward sloping. Choose the correct answer from the options given below:27 May Shift 2Match List-I with List-II List-IList-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: