At the minimum point of the long run average cost curve .......... is observed. Option 1: Decreasing Returns to Scale. Option 2: Constant Returns to Scale. Option 3: Law of Variable Proportions. Option 4: Increasing Returns to Scale.

The answer is 'Constant Returns to Scale.'. View full solution:

CUET Economics - At the minimum point of the long run average cost curve .......... is observed. | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Micro

Medium

Decreasing Returns to Scale.

Constant Returns to Scale.

Law of Variable Proportions.

Increasing Returns to Scale.

✅ Correct Option: 2

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If the marginal cost(MC) of a perfectly competitive firm is as given below and the price of the product is Rs 15, find the profit-maximizing output of the firm.

output	1	2	3	4	5	6
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CUET Economics 2025 27 May Shift 2 PYQs

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