CUET Economics 2025 27 May Shift 2 PYQs

The case where a marginal product is greater than the average product, where?

1. MP cut AP at Minimum
2. AP remains Constant
3. AP Decreases
4. AP Increases

Suppose that the unit tax imposed by the government is Rs 50. Then, if the firm produces and sells 100 units of the good, the total tax that the firm must pay to the government is ...................

Which one of the following conditions is incorrect?

(Where, SMC - Short term Marginal Cost, AVC - Average Variable cost, SAC - Short run average cost, LRMC - Long run marginal cost, LRAC - Long run average cost.)