CUET Economics 2025 27 May Shift 2 - For a price-taking firm, the market price is equal to marginal revenue and ...... | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Easy

Total Cost.

Marginal Cost.

Total Revenue.

Average Revenue.

✅ Correct Option: 4

Related questions:

13 May Shift 2

Price ceiling is one concept which provides safeguard to______

16 May Shift 1

Suppose the Income of consumers in a market increase. How will this effect the equilibrium price of the commodity, assuming that it is a normal good?

(A) There is excess demand at the existing price.

(B) Rising price leads to contraction in demand and expansion in supply and a new equilibrium price is attained, which is higher than the initial price.

(D) There is upward pressure on the price and price starts rising.

Choose the correct answer from the options given below:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Control Price	(I) Set below the equilibrium price
(B) Floor Price	(II) Fixed by the government for the labourers
(C) Minimum Wage Legislation	(III) Set above the equilibrium price
(D) Market Equilibrium	(IV) when demand and supply curve intersect.

Choose the correct answer from the options given below:

CUET Economics 2025 27 May Shift 2 PYQs

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